GDT average eases for the second consecutive time in 2022
Posted on: 06/04/22
Tuesday’s GDT auction result ended with a second consecutive all products average fall this time down 1% to US $4981 tonne compared to the $5039 achieved two weeks ago.
The total tonnage sold was 21,511 (25,208 tonnes one month ago) with 101 (112 one month ago) winning bidders out of 159 (176 one month ago) registered bidders.
Notable price movements were:
Cheddar up 2.7% to average US $6472 tonne
SMP up 1.0% to average US $4599 tonne
Butter down 0.6% to average US $6891 tonne
WMP down 1.5% to average US $4532 tonne