Latest GDT concludes with rise for third consecutive increase

Published 2020년 6월 17일

Tridge summary

The latest Global Dairy Trade event saw a 1.9% increase in the GDT Price Index, marking the third consecutive rise. The two-hour auction involved 166 bidders, with 104 emerging as winners after 16 rounds. A total of 21,410MT of product was sold, with key products like skim milk powder, whole milk powder, and cheddar recording increases, while butter saw a decrease. Other products such as anhydrous milk fat, lactose, and whole milk powder also saw marginal increases, while sweet whey powder was not available.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The latest Global Dairy Trade (GDT) event finished with an increase in index, building on two marginal rises in recent auctions. The most recent tender – event 262 – concluded yesterday afternoon, Tuesday, June 16, with the GDT Price Index up 1.9%. Lasting two hours and 20 minutes, yesterday’s event saw 166 participating bidders go head-to-head across 16 rounds, with 104 winning bidders emerging. A total of 21,410MT of product was sold on the day. Key results: AMF index up 0.8%, average price US$3,993/MT; Butter index down 1.0%, average price US$3,597/MT; BMP not offered; Ched index up 1.4%, average price US$3,631/MT; LAC index up 0.4%, average price US$1,290/MT; SMP index up 3.1%, average price US$2,609/MT; SWP index not available, average price not available; WMP index up 2.2%, average price US$2,829/MT. In what was a relatively stable auction overall, skim milk powder (SMP) was the big winner on the day, recording a 3.1% boost in index. Whole milk powder (WMP) also performed ...

Source: UKAgriLand