The Global Dairy Trade (GDT) index has posted a strong increase in the first auction of 2021 to mark four increases on the trot in recent outings.

The most recent tender - event 275 - concluded today (Tuesday, January 5) with the GDT Price Index up 3.9%.

Lasting two hours and 38 minutes, today's auction saw 178 bidders participate across 19 rounds, with 110 winning bidders emerging.

A total of 30,313MT of product was sold on the day.

Key results:

Once again, today's event saw increases across the board of products offered, with lactose (LAC) and butter performing particularly strongly with index rises of 7.4% and 7.2% respectively.

Butter milk powder (BMP) also did well, with an index boost of 6.9%, while increases were also recorded for anhydrous milk fat (AMF), cheddar, skim milk powder (SMP) and whole milk powder - notching up index rises of 5.5%, 5%, 4.1% and 3.1% respectively.

Once again, sweet whey powder was not offered at today's event.

This latest auction marks seven overall GDT index increases across the last eight events.