The latest Global Dairy Trade (GDT) auction – and final event of 2018 – has seen the GDT index lift slightly for a second consecutive rise.
Today’s auction – event 226 – saw the index rise by 1.7% to end the year with a lift, following on from seven index drops on the bounce prior to December’s first auction two weeks ago.
Lasting two minutes over the two-hour mark, the event saw 184 bidders take part across 13 rounds with 143 winning bids.
A total of 36,181MT of product was sold on the day.
- AMF index up 4.0%, average price US$4,936/MT;
- Butter index up 4.9%, average price US$3,928/MT;
- BMP index not offered;
- Ched index up 2.2%, average price US$3,263/MT;
- LAC index up 1.6%, average price US$935/MT;
- RenCas index down 2.1%, average price US$5,056/MT;
- SMP index up 3.4%, average price US$2,042/MT;
- SWP index not available, average price not available;
- WMP index up 0.3%, average price US$2,674/MT.
The most dramatic mover in index on the day was butter, which recorded a 4.9% increase in price.
This was followed by Anhydrous Milk Fat (AMF), which saw a 4% rise at the event.
Butter Milk Powder (BMP) was not offered at today’s event, while the Sweet Milk Powder (SWP) was once again not available.
Source: Global Dairy Trade
Almost all products on offer at today’s event recorded increases, with Rennet Casein (RenCas) the only exception to this, dropping by 2.1%.