Written by Agriland Team
The Global Dairy Trade (GDT) index has recorded a strong boost to make for back-to-back increases in the last two outings.
The most recent auction – event 273 – concluded today (Tuesday, December 1) with the GDT Price Index up 4.3%.
Lasting two hours and 21 minutes, today’s event saw 178 bidders participate across 16 bidding rounds, with 112 winning bidders recorded.
A total of 32,062MT of product was sold on the day.
Key results:
- AMF index up 2.6%, average price US$4,278/MT;
- Butter index up 3.8%, average price US$3,986/MT;
- BMP index up 1.3%, average price US$2,731/MT;
- Ched index up 2.4%, average price US$3,734/MT;
- LAC index up 13.5%, average price US$1,004/MT;
- SMP index up 3.6%, average price US$2,889/MT;
- SWP index not available, average price not available;
- WMP index up 5.0%, average price US$3,182/MT.
All available product indices recorded increases on the day. The most dramatic movement in index on the day was that of Lactose (LAC), which saw a 13.5% rise. The whole milk powder (WMP) index was a distant second in this, recording a 5% boost on the day.
Butter, skim milk powder (SMP), anhydrous milk fat (AMF) and cheddar all performed strongly on the day too, recording index increases of 3.8%, 3.6%, 2.6% and 2.4%.
Finally, butter milk powder (BMP) saw a more moderate 1.3% rise in index. Sweet whey powder (SWP) was once again not available on the day.
Source: Global Dairy Trade
Today’s auction is the second increase recorded following a solitary decrease recorded at the previous event.
This followed three increases on the trot, which in turn were following four consecutive decreases in recent months.
The post Strong performances across the board as GDT index rises appeared first on Agriland.co.uk.
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