GDT Auction jumps an average 3.9% ($3,420 tonne)

This increase follows hot on the heels of three previous consecutive increases making a total of 4 on the bounce starting 17th November (+1.8%, +4.3%, +1.3% + 3.9%) and 7 increases out of the last 8 Auction results. All products offered at this week’s sale recorded healthy increases in value. 

Notable movements were
Butter         + 7.2% to average US $4526 tonne
Cheddar     + 5% to average US $4078 tonne 
SMP        + 4.1% to average US $3044 tonne
WMP         + 3.1% to average US $3306 tonne