The Global Dairy Trade (GDT) index has recorded a slight drop to mark back-to-back decreases for the first time this year in its latest auction.

The most recent tender – event 283 – concluded today (Tuesday, May 4) with the GDT Price Index down 0.7%.

Lasting two hours and seven minutes, today’s event saw 148 participating bidders take part across 17 bidding rounds, with 108 winning bidders emerging.

A total of 22,020MT of product was sold on the day.

Key results:

The most dramatic move on the day was an increase - butter milk powder (BMP) elevated by 14.4% in index. There were index rises too for skim milk powder (SMP) and whole milk powder (WMP), with increases of 2% and 0.7% respectively.

On the flip side, butter took a heavy tumble in index, down 12.1%, while there were also drops for cheddar, anhydrous milk fat AMF) and lactose - 4.5%, 4.2% and 2% respectively.

Once again, sweet whey powder (SWP) was not offered at today's event.

Today's auction is the first time in a number of months - stretching back into 2020 - since there have been (albeit small) back-to-back decreases in index, following a strong showing from the overall index over the last six months.

The latest index figure of 1,290 is back by eight points on the last outing of 1,298.