Global Dairy Trade (GDT) Events

Published 16 May 17

Auction summary for 16 May 2017:

The overall GDT Price Index increased by 3.2% at the latest event, which is the fifth consecutive rise since the 21 March event. WMP makes up almost half of the product sold, while SMP accounts for just under a quarter.

The next auction is due to take place on Tuesday 6 June 2017.          

  Change in GDT Price Index Average weighted price US$/tonne
All products 3.2% 3,313
WMP 1.3% 3,312
SMP 1.0% 1,998
Butter 11.2% 5,479
AMF 8.2% 6,631
Cheddar 0.6% 3,726

 

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