GDT up 3.2% - it’s a positive step

Todays GDT Auction saw average prices increase by 3.2% to average US $3456 tonne.

Todays total tonnage sold amounted to 32,582 tonnes (31,478) with the number of participating bidders increasing to 166 (164) and successful bidders sneaking up to 116 (114).  (Figures in brackets are from the 17^th January auction which was as near as could be a stand on price).

 

Notable movements today were (all prices in US$)

Butter + 6.6% to average $4745 tonne.

WMP + 3.8% to average $3329 tonne.

Cheddar + 2.3% to average $4980 tonne.

SMP No change average $2829 tonne.