The most recent tender – event 283 – concluded today (Tuesday, May 4) with the GDT Price Index down 0.7%.
Lasting two hours and seven minutes, today’s event saw 148 participating bidders take part across 17 bidding rounds, with 108 winning bidders emerging.
A total of 22,020MT of product was sold on the day.
Key Results:
The most dramatic move on the day was an increase – butter milk powder (BMP) elevated by 14.4% in index. There were index rises too for skim milk powder (SMP) and whole milk powder (WMP), with increases of 2% and 0.7% respectively.
On the flip side, butter took a heavy tumble in index, down 12.1%, while there were also drops for cheddar, anhydrous milk fat AMF) and lactose – 4.5%, 4.2% and 2% respectively.
Once again, sweet whey powder (SWP) was not offered at today’s event.
Today’s auction is the first time in a number of months – stretching back into 2020 – since there have been (albeit small) back-to-back decreases in index, following a strong showing from the overall index over the last six months.
The latest index figure of 1,290 is back by eight points on the last outing of 1,298.
