Slide in GDT index halted with boost in latest auction

Slide in GDT index halted with boost in latest auctionSlide in GDT index halted with boost in latest auction

The Global Dairy Trade (GDT) index has risen in a latest auction, bringing to an finish 4 uninterrupted decreases

The many new proposal – eventuality 268 – resolved this afternoon (Tuesday, Sep 15) with a GDT Price Index adult 3.6%.

Lasting dual hours and 40 minutes, today’s eventuality saw 177 bidders participate, with 123 winning bidders emerging.

A sum of 33,791MT of product was sole on a day.

Key Results:

  • AMF index adult 2.0%, normal cost US$3,910/MT;
  • Butter index down 1.4%, normal cost US$3,282/MT;
  • BMP not offered;
  • Ched index adult 7.2%, normal cost US$3,674/MT;
  • LAC index down 2.7%, normal cost US$1,277/MT;
  • SMP index adult 8.4%, normal cost US$2,889/MT;
  • SWP index not available, normal cost not available;
  • WMP index adult 3.2%, normal cost US$2,985/MT.

A series of products achieved strongly during today’s auction. Leading a approach was skimmed divert powder (SMP), that accessible a arise of 8.4% in index. This was followed by a 7.2% boost for a cheddar index.

Whole divert powder (WMP) also achieved well, recording a 3.2% boost in index, while anhydrous divert fat remarkable a 2% rise.

On a flip side, lactose saw a diminution of 2.7% in index today, while a butter index also fell by 1.4%.

Butter divert powder (BMP) was not offering during today’s event, while honeyed whey powder (SWP) was once again not available.

Today’s altogether index boost of 3.6% comes on a behind of 4 decreases – 3 of that were comparatively tiny drops – that followed a spike of 8.3% behind in July.

Article source: https://www.agriland.ie/farming-news/slide-in-gdt-index-halted-with-boost-in-latest-auction/

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