Written by Agriland Team
The latest Global Dairy Trade (GDT) event finished with a marginal rise in index, building on a previous slight increase on the last day out in May.
The latest tender – event 261 – concluded this afternoon, Tuesday, June 2, with the GDT Price Index up 0.1%.
Lasting for two hours and 32 minutes, today’s event saw 166 bidders participate across 19 bidding rounds with 117 winning bidders emerging.
A total of 21,968MT of product was sold on the day.
Key Results:
- AMF index down 2.9%, average price US$3,960/MT;
- Butter index down 4.4%, average price US$3,631/MT;
- BMP index up 9.4%, average price US$2,344/MT;
- Ched index down 5.3%, average price US$3,520/MT;
- LAC index down 4.1%, average price US$1,279/MT;
- SMP index down 0.5%, average price US$2,530/MT;
- SWP index not available, average price not available;
- WMP index up 2.1%, average price US$2,761/MT.
The butter milk powder (BMP) index was the big winner on the day, with a boost of 9.4% recorded at the event. Whole milk powder also performed strongly, recording a 2.1% rise in index.
On the flip side, cheddar dropped by 5.3% in index, while the butter and lactose indices fell by 4.4% and 4.1% respectively.
Anhydrous milk fat (AMF) reduced by 2.9% in index, while skim milk powder saw a slight drop of 0.5%.
Source: Global Dairy Trade
Once again, sweet whey powder (SWP) was not available on the day.
Today’s event marks back-to-back marginal rises for the GDT, following on from a difficult spring, which saw six reductions out of the previous seven tenders.
The post Latest GDT concludes with marginal rise in index appeared first on Agriland.co.uk.
Continue reading on the Agriland Website...
