GDT up 2.4%

Todays fortnightly GDT Auction resulted in the all products index increasing by 2.4% to average US $3623 tonne.

The quantity sold was almost identical to that sold 2 weeks ago at 28,980 (28,867) with the number of participating bidders increasing from 142 to 161 however actual successful bidders totalled 111 against 116 only two weeks earlier.

 

Notable movements were

WMP up 3.1% to average US $3397 tonne

SMP up 3.1% to average US $3057 tonne

Butter down 0.8% to average US $4829 tonne

Cheddar down 1.3% to average US $4746 tonne