GDT up another 1% to break the $4,000 tonne mark
Posted on: 21/09/21
Hot on the heels of a whopping 4% average all products increase only two weeks ago comes todays Auction result where average prices rose a further 1% to average US $4011 tonne.
Total sold amounted to 24,476 tonnes slightly down on the 25,093 tonnes sold two weeks ago.
Key movements were:
WMP up 2.2% to average US $3,777 tonne
SMP up 0.9% to average US $3,302 tonne
Cheddar down 1.2% to average US $4,274 tonne
Butter down 1.9% to average US $4,857 tonne
All UK eyes will turn to Arla tomorrow as to whether they hold their member milk price for October deliveries or have to reduce again.