GDT down for a third consecutive Auction

Todays GDT saw the third consecutive all prices reduction this time the fall was a further 3.8% to average US $3208 tonne for 24,239 tonnes sold.

The previous two auctions recorded falls of 1.2% and 3.4%.

Notable movements were:

Butter                           down 5.7% to average US $4553 tonne

Cheddar                        down 4.3% to average US $3781 tonne

Whole Milk Powder        down 4.3% to average US $3006 tonne

Skim Milk Powder          down 3.5% to average US $2358 tonne