The latest Global Dairy Trade (GDT) auction has brought to a halt a recent slump, with the news of a slight increase in index today, Tuesday, July 16.

Today’s tender – Event 240 – concluded with the GDT Price Index up 2.7%.

Lasting two hours and three minutes, today’s auction saw 174 bidders compete across 13 rounds with 116 landing winning bids.

A total of 25,000MT of product was sold on the day.

Skimmed milk powder (SMP) and whole milk powder (WMP) saw the largest increases in index on the day, recording rises of 3.8% and 3.6% respectively.

Cheddar also performed strongly, noting a 3.3% increase, while anhydrous milk fat (AMF) and butter saw an index boost of 1.7% each.

On the flip side, rennet casein (RenCas) fell by 3.4% on the day.

Butter milk powder (BMP) was not offered today, while neither lactose nor sweet whey powder (SWP) indexes were available.

Today’s overall index rise brings to an end a total of four consecutive index falls; this was preceded by a run of 11 increases on the trot.