Global Dairy Trade (GDT) Events

Published 17 October 17

Auction summary for 17 October 2017:

The overall GDT Price Index decreased by 1.0% at the latest event, after a 2.4% decrease at the previous event. WMP makes up roughly half of the product sold, while SMP accounts for just under a quarter.

The next auction is due to take place on Tuesday 7 November 2017.                

  Change in GDT Price Index Average weighted price US$/tonne
All products -1.0% 3,204
WMP -0.5% 3,014
SMP -5.6% 1,797
Butter -2.5% 5,736
AMF 5.2% 6,841
Cheddar -0.1% 4,107

GDT Events graph

Notes:

Source: GDT

GDT Event auctions are held twice a month, trading dairy commodity ingredients. To find out how the bidding works, take a look at GDT’s frequently asked questions. This page provides key results from the latest event:

  • Change in GDT Price Indices – these are weighted averages of the % change in prices between auctions. They give a more accurate reflection of price movements than using simple weighted average prices. More information can be found on the GDT website.
  • Average prices – the weighted average winning prices in US dollars per tonne.
  • Quantity sold – the total quantity sold in a Trading Event across all products, contract periods and sellers.

Six contract periods are made available, corresponding to future delivery periods. To download additional data for the contract periods, click here.

 “n.a.” indicates no quantity was offered or sold in either the current event and/or in the prior two events or that the prices published for individual products within a group were insufficient for the Price Index to be calculated