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.

agriland

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