- GDT auction in Sep. 2021: The upward phase continues
In the September 1st, 2021 auction of Global Dairy Trade (GDT), prices were increased by an average of + 4% . The expected upward movement continues. The surcharges for skimmed milk powder are leading. The other products also move in up mode. Butter again showed strong price increases. The handling volumes have increased, but remain within the usual seasonal framework. Larger quantities are expected in the coming months. Whole milk powder (VMP) achieved a significant price increase again for the first time. In almost all delivery months, the price increases were above the 2% mark. The absolute prices of $ 3,691 / t are in the multi-year mid-range. Skimmed milk powder (SMP) increased significantly by + 7.3 %. In all delivery months, the rate of increase was above 6%.The prices are moving back to the high price level of the last 5 years. The absolute MMP prices remain at 3274 $ / t on the EEX exchange rates (3044 $ / t) and the US (2,833 $ / t. Butterfat continues its upward trend with + 3.1% on average continues This also applies. the front delivery month. Only the dates in Febr./Mrz. 2022 fell slightly. the average product price increases with 5,970 $ / t in the upper price segment of the past 5 years. normal butter interspersed with average overcharges from + 3.7% the initiated rebound continues In this auction, the last dates had some catching up to do with more than + 6%. The absolute butter price is again striving towards slightly above-average prices of $ 4,948 / t. EEX Leipzig is quoted at $ 4,802 / t and the Chicago exchange rates are $ 3,897 / t The downward trend, which began in mid-March 2021, has come to an end in view of the repeated clear upward trends in all products. Further improvements can also be seen in EU and US prices new milk season has begun.The climax is expected on Oct. 21.
