GDT 5.1% price drop is a bombshell

Posted on: 23/12/19

Last weeks GDT Auction saw the average price drop by a whopping 5.1% to US $3302 tonne for the 35,748 tonnes on offer. The result was both unwelcome, unexpected and unexplained.

Notable movers were:

WMP down 6.7% to average US $3099 tonne
SMP down 6.3% to average US $2867 tonne
Butter down 2.4% to average US $3886 tonne
Cheddar up 1.7% to average US $3869 tonne