The latest Global Dairy Trade (GDT) event has concluded with the GDT price index up 0.6%.

The average price was $3,610/MT with 29,570MT of product sold at today’s (Tuesday, December 6) event.

There were 118 winning bidders, out of a total of 156 participating bidders at the event, across 17 bidding rounds lasting two hours and 35 minutes.

Global Dairy Trade event

There were seven products offered at today’s event with five products showing increases, while two displayed decreases.

Skim Milk Powder (SMP) saw an increase of 1.7% for an average of $3,102/MT, while Butter Milk Powder (BMP) saw the biggest increase of 4.7% for an average of $2,979/MT.

Anhydrous Milk Fat (AMF) saw a 1.8% increase with an average of $5,797/MT while cheddar also saw a similiar increase of 1.8% giving an average of $4,826/MT.

Whole milk Powder (WMP) saw the smallest decrease in today’s event, with an increase of 0.1%, averaging $3,400/MT. Sweet Whey Powder was not offered again.

It’s the second GDT event in recent weeks which recorded the a slight increase in the index.

Source: Agriland o6th Dec 2022 by Stella Meehan