The Global Dairy Trade (GDT) has fallen in its latest dairy auction earlier today, Tuesday, June 4, in what was the largest index change in eight tenders.

Today’s auction – Event 237 – concluded with the GDT Price Index down 3.4%.

Lasting six minutes short of the two-hour mark, today’s event saw 148 participating bidders battle across 13 rounds with 107 winning bidders emerging when the dust had settled.

A total of 19,874MT of product was sold on the day.

Cheddar, butter and butter milk powder (BMP) were the big losers on the day, with index drops of 14%, 10.3% and 10.1%, respectively.

Anhydrous milk fat (AMF), skimmed milk powder (SMP) and whole milk powder (WMP) also saw index prices drop, with reductions of 5.7%, 4% and 1.5%, respectively.

The only increases at today’s event saw rennet casein increase by 4.2%, while lactose (LAC) also rose a modest 0.4%.

Once again an index for sweet whey powder (SWP) was not available at the latest event.

Today’s event saw a 3.4% move in index; the most dramatic move since February 6, when the index witnessed a 6.7% rise.