The latest Global Dairy Trade (GDT) auction – event 227 – has kicked off the new year with a boost, having concluded with the GDT Price Index up 2.8%.

The event lasted a minute short of two and a half hours with 167 participating bidders bidding across 15 rounds.

A total of 115 winning bidders emerged from the auction, with a total quantity sold of 28,651MT.

All products on offer at today’s event recorded an increase in price index, with butter milk powder (BMP) recording the most dramatic rise on the day – up some 9.3%.

Skimmed milk powder (SMP) also witnessed a considerable rise, up 7.9% on the day, with anhydrous milk fat (AMF) and butter also rising almost 4% in index.

Once again sweet whey powder was not available at today’s auction.

Today’s event marks a third consecutive rise in the GDT price index, following on from seven price drops on the trot in what was an austere second half to 2018 overall.