GDT auction from June 17, 2014 - average result in the plus
After 8 auction dates with negative average results the latest GDT completed auction with an increase of + 0.9% on all products and dates. Major cause may have been offering seasonal strong decline. In New Zealand, the Milchsaison is approaching the end, although the production is still 24% above the previous year's level. Favorable rainfall, slowly emerging power chucks and standing in the early use of feed canned expand the delivery potential in New Zealand.
Whole milk powder (WMP) has delivered the largest contribution by sales volume with + 2.4%. Normal butter Castle in the average the offer period including Dec 2014 with an increase of 1.8%. Also cheddar cheese ended up with + 2.4% in the good positive area. + 17% the increase in butter milk powder stands in the eye, but the volume is very small. Skimmed-milk powder Castle in average with 0.2%
The auction results were different in the delivery months from July to Dec 2014. In the case of whole milk powder, there was no offer for July 14. + 4.5%, while the worst section of Nov-14 date with + 0.6%, the Sep-14 date for VMP achieved the best result.
Even in the case of normal butter, the Sep. 14 best cut appointment with + 5%. An increase of 3.6% gave the dates of July 14. However, the Nov. 14 delivery only with 3.7 was fobbed off %.
The supply of skimmed-milk powder sprinkled over a wide range of providers of Arla about euro serum, LamdOLakes to Amul monthly individual offers. Dairy America had placed in the front 3 months-including Sept-14 offers. Fonterra had occupied up to the month of July all delivery months.
The auction results for MMP sprinkled by + 1.2% to - 2.5%. In the Sep-14 date as for the other products cut positively, whereas MMP posted the weakest results for Dec 14.
Cheddar cheese was only in the delivery months Aug. 14 to Oct. 14 traded. The results were up by 0.3% - 1.7% to + 4% in the Oct. 14.
To what extent the result already represents a reversal of the price development in the course of the year that remains before. The oceanic countries go in the "winter break" with deliveries close to zero. only in the Aug/Sept / Oct the culmination of the milk supply is aimed at after the Calvings again.
In the northern hemisphere, the summer offer high is increasingly exceeded. To the autumn the delivery quantity will not diminish season-typically, however with the strong range as is the case in the basic fodder production regions.
A question remains the demand, especially from China.
