After 5 uninterrupted increases, a Global Dairy Trade (GDT) auction saw a slight tumble of 0.5% during a latest event, hold today, Tuesday, Dec 3.
Today’s proposal – eventuality 249 – lasted for dual hours and 14 minutes, and saw 179 participating bidders during a 15 rounds of bidding, finale with 135 winning bids.
A sum of 36,258MT of product was sole today.
Only dual product categories saw decreases during this event, yet they were adequate to drag behind a altogether index compared to a some-more extrinsic gains for a other products.
The Anhydrous divert fat (AMF) sub-index fell by 5.1%, while a butter underling index fell by 4.9%.
In terms of a products that changed up, rennet casein (RenCas) continued a clever opening from a final GDT eventuality – hold on Nov 19 – with a index augmenting currently by 4.9%.
Butter divert powder (BMP); cheddar (ched); slick divert powder (SMP); and whole divert powder (WMP) all saw increases – by 1.6%; 2.7%; 1.9%; and 0.1% respectively.
The commission boost for lactose (lac) was not provided, though in terms of financial value, it increasing by $4/MT.
As is generally a case, total were not accessible for honeyed whey powder.