Archive: First GDT auction of the year shows 3.6% average rise

Published 7 January 15

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The first Global Dairy Trade (GDT) auction of 2015 showed positive signs with a 3.6% increase taking the average weighted price to $2,709/tonne, the highest since 16 September 2014. Average price increases were seen across all products sold, with butter showing a particularly strong 13.2% rise. SMP and WMP showed increases of 2.8% and 1.6% respectively, adding a little more confidence to potential signs of price stabilisation as previously mentioned by AHDB/DairyCo. However, SMP and WMP prices are likely to have been helped by reducing quantities of product at recent auctions, in line with the usual seasonal decline.

GDt 7Jan15