GDT auction results continue to head South
Posted on: 21/08/18
Below are the last two GDT auction results, including today’s, which come as a warning that internationally prices are no longer levelling out. All prices quoted are in US$. Note, today’s tonnage was down by 6% and the number of bidders down by 17.3% (33 bidders).
| 7th August | 21st August (today) | |
| Average Price | $3136 | $3044/tonne (-3.6%) |
| Quantity Sold | 34076 tonnes | 32041 tonnes (-5.9%) |
| Number of Bidders | 191 | 158 (-17.3%) |
| Butter | $4802/tonne (-3.2%) | $4392/tonne (-8.5%) |
| Cheddar | $3663/tonne (-1.3%) | $3484/tonne (-4.7%) |
| WMP | $2958/tonne (-0.1%) | $2883/tonne (-2.1%) |
| SMP | $1972/tonne (-0.3%) | $1951/tonne (-1.3%) |