Today’s GDT Auction jumps a whopping 8.3 percent
Posted on: 07/07/20
The average all products price at todays GDT Auction jumped from US $2979 tonne to US $3197 tonne, a whopping 8.3% in three weeks.
In terms of the total quantity sold it was up 4,278 tonnes (+20%) with the number of participating buyers also up from 166 to 174 compared to the auction 3 weeks ago.
The big movement was in the WMP price up 14% from $2829 to $3208 tonne with all products returning positive gains.
Notable movements were:-
WMP + 14% to average $3208 tonne
SMP + 3.5% to average $2694 tonne
Cheddar + 3.3% to average $3762 tonne
Butter + 3.0% to average $3717 tonne
This is the fourth consecutive increase and takes the GDT index to 996, extremely close it its February 2020 level of 1007.