First GDT auction in Sep. 2020: - 1.7% on average; only skimmed milk powder in the plus The first September 2020 auction of Global Dairy Trade (GDT) again closes with a negative average result of -1.0% . The result is again characterized by inconsistent surcharges and discounts in the delivery dates. With 35,656 t the envelope amounts to Vorauktion have risen significantly. Whole milk powder (VMP) had to accept reductions in the delivery dates with an average of -2.0%% . Jan-2021 still delivered the strongest result. This is where the Chinese New Years business plays a role. China remains the key buyer. The price mark of $ 3,000 / t could not be maintained. Skimmed milk powder (SMP) again achieved an average premium of +1.8%. The high discount of -12.4% in the delivery month Oct.-2020 is striking. The surcharges at the last auction have thus been settled again.The surcharges in the first two months of 2021 are noticeable. The MMP prices are still at a high level at the converted $ 2,663 / t. Butterfat had to return the extra charges of Vorauktion again with -0.5% on average. The exception is Oct 20 with + 3.7%. The average product price is still in the good midfield. Regular butter loses again with an average of -1.2% . But the delivery months were very inconsistent. The delivery month Oct was particularly prominent with a + 9.1%. In contrast, the first months of 2021 had to surrender their surcharges from last time. The price of the equivalent of $ 3,334 / t. The latest auction results repeatedly present a very mixed picture of price developments. The need for corrections and catching up seems to play an essential role in the phase of the Covid19 pandemic. It has not yet been decided whether it will get better in the New Year. In any case, the global milk supply is tending to decline.
