. GDT auction in October 2021: on average + 2.2% In the 2nd October 2021 auction of Global Dairy Trade (GDT) the prices were increased by an average of + 2.2% after the zero round in the pre-auction. The upward trend continues in all sectors. The greatest price increases are achieved with normal butter. The throughput volumes continue to rise due to seasonal factors. Whole milk powder (VMP) has now more than made up for the price decline in the pre-auction with +1.5%. Price increases were achieved in all delivery dates. The absolute prices rise to $ 3,803 / t. The course remains in the multi-year midfield. China's imports were decisive. Skimmed milk powder (SMP) is again stressed by the extras in the Vorauktionen further with 2.5% the rising price level. The quotations are still at the high price level of the last 5 years. The absolute MMP prices at $ 3,401 / t remain above the EEX exchange rates ($ 3,080 / t) and the USA ($ 2,844 / t).Butterfat prices have improved again on average at the increased level by + 2.5%. The date in Jan 2022 even reached + 3.3%. The average product price remains in the upper price segment of the last 5 years at $ 6,151 / t. Normal butter sets the upward trend of Vorauktionen continue to +4.7%. The absolute butter price remains in the above-average price range of $ 5,111 / t. EEX Leipzig is quoted at $ 4,847 / t and the Chicago rates are at $ 3,946 / t. The upward trend of the international prices for butterfats and SMP, which has continued since Aug. 21, continues. Further improvements can also be seen in EU and US prices. In the oceanic countries, milk delivery is approaching its seasonal peak in October 2021, while milk production in the EU-27 is tending to decline.
