GDT Auction 03. Dec.2019: - 0.5% - Butterfats dropped sharply - MMP slightly up The first Dec. 2019 Global Dairy Trade (GDT) auction has a rising average of -0.5% two pre-auctions can not be fully exploited. Sales at 36,258 t were 6.3% down on the previous month. The two butter fats were with approx. -5% the two big losers. Whole milk powder (VMP) was able to assert itself with +0.1% on average of all delivery months compared to the two pre-auctions. In the early delivery months of the new year, prices fell slightly. However, the later delivery dates increased, with a particular focus on May 2020 at +2%. Skimmed milk powder (MMP) increased for the third year in a row, in this case by +1.9% . Thus, the MMP quotations exceed the multi-year average price of $ 3,000 / t. The long period of low prices has been overcome.Significantly high surcharges were achieved by the later dates from March 2020. MMP will once again become a mainstay of the milk price. Butterfat has the price increases of Vorauktion complete again have to give. The average price discount was -5.1%. The reductions were particularly serious in the months of March and April 2020. However, compared to the 5-year average, prices are still in the upper midfield. Normal butter got with 4.9% on average for the 5th time this time a powerful damper. Striking is the inexplicably high price discount in the delivery month Mar.2020 with -13.8%. Nevertheless, the butter prices are still in good midfield. The current auction results still signal a fixed trend on average. But the butter fats show significant weaknesses, but are still classified well on average. Remarkable are the clear mark-ups for skimmed milk powder, which has become a pillar of the milk price after years of braking.The decline in sales is in line with the usual seasonal conditions. In the US , the butter prices for the first half of 2020, with the exception of the month of Jan, are in a slight upward trend. This is also observed for the MMP courses. The US milk prices are currently at a high price level of just under 42 cents / kg . On the EEX-Leibzig , the butter prices and MMP prices in the first half of 2020 with a steady upward trend.
