GDT is up and down like a Yo Yo
Posted on: 04/10/22
Todays GDT saw average prices fall by 3.5% having recorded two consecutive increases for the previous two auctions which recorded increases of 4.9% and 2%.
The total tonnage sold rocketed up by 18% to 30,852 (26,106) with the total number of bidders recorded at 160 (169) and winning bidders up to 125 (113) – Note the figures in brackets are those recorded in the auction 2 weeks ago.
Notable movements were
All products price down 3.5% to average US $ 3,911 tonne
WMP down 4% to average US $3573 tonne.
Cheddar down 3.8% to average US $4966 tonne.
Butter down 7.0% to average US $4983 tonne.
SMP down 1.6% to average US $ 3497 tonne.