- GDT auction in Nov. 2021: + 2.2% on average
In the Nov. 1, 2021 auction of Global Dairy Trade (GDT), the prices were increased again by + 4.3% compared to the pre-auction. The upward trend continues in all sectors. The largest price increases are achieved with skimmed milk powder. The handling volumes increase due to seasonal factors continue, but remain lower than last year back .. whole milk powder (WMP) has now continued price increases of Vorauktion with + 2.7%. Significant price increases were achieved in all dates. The absolute prices rise to $ 3,621 / t. The course remains in the multi-year midfield. China's imports have picked up again slightly. Skimmed milk powder (SMP) has further strengthened despite already high surcharges in the Vorauktionen with + 6.6% the price trend is up. The prices are at the high price level of the last 5 years. At $ 3,627 / t, the absolute MMP prices remain above the EEX exchange rates ($ 3,080 / t) and the USA ($ 2,844 / t).On average, the pure butter fat rates have once again improved from the high level achieved by +4.2%. The date in Dec 2021 even reached + 6.9%. The average product price remains in the upper price segment of the last 5 years at $ 6,384 / t. Normal butter sets the upward trend of Vorauktionen again continued with + 4.7%. The absolute butter price remains in the above-average price range of $ 5,352 / 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. This is also underlined by the FAO milk price index . Further improvements can also be seen in EU and US prices. In the oceanic countries, milk delivery is at its seasonal peak, while milk production in the EU-27 is tending to decline. Rising prices for dairy products can also be observed in Germany
