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Global Dairy Trade (GDT) Events
Published 18 October 16
Auction summary for 18 October 2016:
The overall GDT Price Index increased by 1.4% at the latest event, after dropping back 3.0% at the beginning of the month. Price Index movements were mixed across the products. WMP increased 2.9% and made up nearly half of the product traded, helping lift the overall auction price.
The total volume offered was 31.5k tonnes, about a tenth less than the same week last year. The next auction is due to take place on Tuesday 1 November 2016.
|Change in GDT Price Index||Average weighted price US$/tonne|
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 offered – total volume of product offered at the event.
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