GDT auction clocks up its third consecutive increase

Wednesdays first 2019 GDT Auction saw the average price up a further 2.8% which followed two previous auction increases of 1.7% and 2.2%.

Since the recent low point off US $2727 tonne recorded on the 20th November the average has risen almost 10% to reach US$2826 tonne this week.

In addition behind the numbers is the encouraging statistic that all product categories on offer recorded increases in their average sale price.

Key Movers were:

SMP       + 7.9% to average US $2201 tonne.

Butter      + 3.9% to average US $4076 tonne.

Cheddar  + 3.2% to average US $3371 tonne.

WMP       + 1.2% to average US $2705 tonne.