GDT auction clocks up its third consecutive increase
Posted on: 03/01/19
Wednesdays first 2019 GDT Auction saw the average price up a further 2.8% which followed two previous auction increases of 1.7% and 2.2%.
Since the recent low point off US $2727 tonne recorded on the 20th November the average has risen almost 10% to reach US$2826 tonne this week.
In addition behind the numbers is the encouraging statistic that all product categories on offer recorded increases in their average sale price.
Key Movers were:
SMP + 7.9% to average US $2201 tonne.
Butter + 3.9% to average US $4076 tonne.
Cheddar + 3.2% to average US $3371 tonne.
WMP + 1.2% to average US $2705 tonne.