GDT auction prices rise for the second consecutive time in December

Posted on: 21/12/18

It’s a positive end to 2018 for not so cheery GDT auction year with this month the average all products price rising by a further 1.7%.  This was a consecutive back to back rise on the 2.2% recorded 2 weeks earlier.

The only downside is the ever increasing milk output from New Zealand resulting in a 17% increase in WMP tonnage available.

Notable prices were:

Butter up 4.9% to average US$3928 tonne

SMP up 3.4% to average US$2042 tonne

Cheddar up 2.2% to average US3263 tonne

WMP up 0.3% to average US$2674 tonne