GDT bounces up again by a further 4.2%
Posted on: 11/02/19
Tuesdays GDT Auction saw the average all products price up a further 4.2% which is its 4th consecutive rise and follows hot on the heels of rises of 2.2%, 1.7% and 2.8%. This is yet more encouraging news to emphasise the necessity for farmgate milk prices to at least stabilise from March 1st at the latest.
In less than two months the average price has now bounced up by 12% from $2727 to average $3057 tonne.
Key movers were
SMP + 10.3% to average $2405 tonne
Butter + 4.6% to average $4262 tonne
Cheddar + 4.2% to average $3504 tonne
WMP + 3.0% to average $2777 tonne
Total tonnage sold 27,909 tonnes. The next GDT Auction will be held on 6th February.