GDT Auction prices decline for the third consecutive Auction
Posted on: 21/08/20
This Tuesday’s Auction recorded on average all products reduction of 1.7% to average US $3004 tonne and follows earlier falls of 5.1% (4th August), 0.7% (21st July) however the 7th July recorded a whopping 8.3% jump.
The quantity traded this week was a factor with 33,331 tonnes sold.
The only product to increase in value was SMP up +1.1% to average US $2,608 tonne.
The increases in Butter, Cheddar and SMP recorded at the 7th July 8.3% rise have now been annihilated and wiped out as this weeks prices fell to their lowest level for 2 months.