The GDT index lost 0.3% on a mixed set of results at event #386, held up by the heavy weighting of WMP. Demand was below average except for WMP on similar offer volumes.

WMP price increased 0.6% to average US$4,036/t despite the C2 price falling slightly. Chinese and SE Asian buyers reduced their involvement while Middle East  and Latin American buyers stepped in. The EU WMP price declined a little in US$ but dipped in Euro terms by 1% or €41/t.

SMP also gave a mixed set of results, with the average price down1.8% to US$2,756/t.  The NZ medium C2 price fell 2.3%, while the corresponding UHT contract fell 16%. EU prices were mixed but generally higher, with Solarec faring a little better than Arla. The stronger Euro reversed the results in the local currency,

Butterfat prices were steady to lower, butter fell 1% to average US$7,144/t while AMF was steady at US$7,078/t NZ butterfat was weaker with some exceptions for later AMF deliveries. The C1 butter price continued to correct, dropping 4.5% to almost flatten the forward curve. Chinese buyers took more than two-thirds of the butter sales while SE Asia and Oceania buyers took more than half the AMF sales. EU butter prices fell 1.5% US dollar terms and 2.3% in Euros to average €6,839/t.

Cheddar prices averaged US$4,548/t, ~3% weaker in the short-term but 4% stronger for Dec to Jan shipments leaving carry in the forward curve. Sales were dominated by China and Middle East. EU Mozzarella (Solarec product) fell 2.7% in US dollar terms and 3.3% in Euros . Arla came to GDT with mixed origin product, which ended 6.8% or €325/t down on previous offering two events prior.