butter,
GDT,
WMP,
Ched
Slight decrease in latest GDT results
The latest event held by the Global Dairy Trade (GDT) — event 209 — saw another slight decrease of 0.6% for the overall index.
Runnning for a total of two hours and 17 minutes, today’s auction saw 123 winning bidders across 16 rounds from a total of 169 participating bidders.
An overall figure of 17,222MT was sold on the day.
Key results:
- AMF index down 7.0%, average price US$ 5,806/MT;
- Butter index up 4.1%, average price US$ 5,494/MT;
- BMP index up 1.0%, average price US$ 1,988/MT;
- Ched index up 2.2%, average price US$ 3,679/MT;
- LAC index up 1.1%, average price US$ 549/MT;
- RenCas index up 12.1%, average price US$ 5,668/MT;
- SMP index down 1.8%, average price US$ 1,849/MT;
- WMP index up 1.6%, average price US$ 3,278/MT.
The big movers and shakers on the day saw Anhydrous Milk Fat (AMF) drop a significant 7.0%; while Rennet Casein (RenCas) shot up by 12.1%.
Butter also saw a boost of 4.1% at the event.
This is the fourth consecutive decrease to the GDT index, following a bright start to the year with three increases in January and early February.