GDT auction by Jan 20, 2015 for the third time with a positive result
The average result of global dairy trade auction by Jan 20, 2015 provided a increase of 1% compared with the previous auction, which had cut with + 3.6%. In the international dairy sector confirms the bottoming of prices.
Again, the offer amounts were lower than in the prior auctions. However, had released a few exceptions involved dairies their offerings for the auction.
The heavyweight in the auction offer whole milk powder with increases between + 1.7 to + 5.8% ensured a consistently stable results in all delivery months. Only provider was the New Zealand dairy FONTERRA as usual. The loss of milk production in New Zealand may have contributed to this result. In the five-year comparison, the course development shows solid ground under your feet.
Not quite so convincingly present the results of skimmed-milk powder, which was offered by Fonterra, Amul, land-O-Lakes and Arla food. The average is poisitiv with 1%, but the last delivery dates were still weaknesses with 0.3 to 1.8% in June and July 2015. The current trip is to end. Special document a stabilisation of price developments.
Two milk fats completed highly at the previous auction in the double-digit range. It has not repeated this time. Butterfat corrected continuously about all delivery down with results from 2.4 to - 5.5%.
Normal butter but was able to confirm the results of the previous auction. While completed the first 3 months in the positive range, the weak June 15-Supplement - 6.6% moved down the entire result. Normal butter listed again in the 5-year average of around $3,500 per t.
In the 10-year , present themselves while below average milk product prices, remains significantly above the catastrophic results in 2009 with the global financial crisis. The next auctions will show whether and to what extent the current stabilization phase with slight signs of recovery are confirmed.
