GDT continues to fall
Posted on: 06/11/18
It’s now 11 consecutive GDT auctions with no upward average price movement. Today’s auction recorded an average price of US$2851 down a further 2% from the US$2885 recorded 3 weeks ago although SMP recorded an increase.
Notable movers were:
Cheddar down 4.6% to average US$3250 tonne
WMP down 2.9% to average US$2655 tonne
Butter down 1.7% to average US$4045 tonne
SMP up 1.2% to average US$1997 tonne