Written by Agriland Team
The Global Dairy Trade (GDT) index has recorded a small increase in its latest event to make it three consecutive increases in recent weeks.
The most recent auction – event 274 – concluded today (Tuesday, December 15) with the GDT Price Index up 1.3%.
Lasting one hour and 57 minutes, today’s auction saw 169 participating bidders battle it out across 14 rounds, with 108 winning bidders emerging.
A total of 31,701MT of product was sold on the day.
Key results:
- AMF index up 1.9%, average price US$4,360/MT;
- Butter index up 6.0%, average price US$4,221/MT;
- BMP not offered;
- Ched index up 4.2%, average price US$3,893/MT;
- LAC index up 1.5%, average price US$1,024/MT;
- SMP index up 1.2%, average price US$2,930/MT;
- SWP index not available, average price not available;
- WMP index up 0.5%, average price US$3,210/MT.
The most dramatic on the day was a hefty 6% increase in the butter index; this was followed by a strong 4.2% boost in index for cheddar.
Anhydrous Milk Fat (AMF), lactose and skim milk powder (SMP) all recorded more moderate increases of 1.9%, 1.5% and 1.2% in index respectively.
Meanwhile, whole milk powder saw a slight lift in index too, rising by 0.5%. Butter milk powder (BMP) was not offered at this event, while sweet whey powder (SWP) was once again not available.
Source: Global Dairy Trade
The final GDT auction of 2020 concluded relatively strongly, with increases seen across all products offered today.
The post Latest auction sees GDT index record 3 boosts on the bounce appeared first on Agriland.co.uk.
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