GDT Auction price index turns North
Posted on: 17/08/21
Having recorded 8 consecutive auction falls, today saw a small glimmer of hope as average prices rose by 0.3% to average US$3,827 tonne for the reduced offering of 22,543 tonnes sold to 180 bidders of which 116 were successful.
All we can hope is that the downward spiral has been arrested.
Butter +4% to average US$ 4771 tonne
Cheddar +2.8% to average US$ 4184 tonne
SMP +1.1% to average US$ 3052 tonne
WMP -1.5% to average US$ 3552 tonne.