GDT first Oct Auction asserted - MMP prices rising - Febr./Mr.-20 above average The first Oct. 2019 Auction of the Global Dairy Trade (GDT) has maintained its current level of fall prices with an average of +0.2 %. The summery low season is over. Sales stabilized at 38,716 t at a higher level than in the summer months. Skimmed milk powder has made a decisive contribution to the positive result. Whole milk powder (VMP) , at -0.2% on average in all delivery months, was only just able to keep up with the previous level. The best results were achieved in the delivery months Feb / Mar 20. In New Zealand milk delivery is heading towards its seasonal peak. Skimmed milk powder (MMP) increases the price level by an average of +2.7% for the second time in a row. Strong surcharges were achieved in the months Fbr./Mrz.-20 with +5.5% and +4.5% respectively. The MMP courses again exceed the multi-annual averages. Butterfat averaged 0,0% again.The front dates contributed to this with positive results. Mar. and Apr.-20 have held against it with hefty deductions. The courses are still in good midfield. Normal butter reached -0.2% on average a damper. In particular, the forward dates remained in negative territory. The favorable values of the pre-auction were closed more than once again. The delivery dates Febr./Mrz.-20 with a surcharge of 3,8 % and 3% provided for a compensation . The butter prices are in good midfield. The current auction results prove to be quite stable in terms of the high seasonal milk yield. For further price increases, it was only in the case of MMP. Butter prices remain strong at elevated levels. Remarkable are the clear surcharges for the delivery months Febr./Mrz.-20 with the exception of butterfat. In the USA, the butter prices remain at a stable average exchange rate due to the deficit situation there. In contrast, EU prices compete with NZ prices at a reduced level.
