GDT Auction Remains Slightly Below Zero - Delivery Dates in Spring with Negative Results The first Aug-19 Auction of the Global Dairy Trade (GDT), with an average score of -0.4 , is not the decisive step from the seasonal one Summer valley made. Sales have increased to an unusually high 39,689 t compared to the previous months. Butterfats have ended their decline and narrowly held their own. The milk powder products remain stable. Whole milk powder (VMP) was -0.8% on average in all delivery months, the price increases of the last auctions no longer fully assert. The spring months were much worse with an average of -2%. This should be the main buyer China responsible. In New Zealand, the milk season has started again; the season's highlight is expected in Oct.-19. Skimmed milk powder (MMP) can achieve slight gains of 0.7% on average at a low level. In the individual delivery months, there were comparatively low fluctuations in the range from +0.4 to +1.7.Exception forms the Febr.20 with -0,8. The MMP courses are moving at multi-year average levels. Butterreinfett has again suffered price cuts with an average of -1.5% . The Oct. 19 date was still in the good positive range. However, the later deadlines until the spring of 2020, with hefty discounts of up to -3.8%, caused the overall poor performance. The top prices of the past time can no longer be maintained. Nevertheless, the courses are still in good midfield. Normal butter reached on average a zero round, but with two different halves. The deadlines up to and including Dec.09 increased from +1.4 to +2.4%. Background should be the pre-Christmas business. By contrast, the first three months of 2020 fell significantly, reaching - 4%. Nevertheless, the butter price is still in the upper midfield of the last 5 years. Once again, the auction results show the end of a high-price phase. On the other hand, the milk powder price stabilizes at a multi-year average level. The rising.Turnover volumes have certainly contributed to the weak average result. In New Zealand one steers towards the seasonal high point of the milk delivery. In the northern hemisphere, the high season of milk delivery is over. In the major milk exporting countries of the world, the milk supply fell by 6%. On the demand side, there is currently a cautious import activity in China. However, it is likely that Chinese imports will pick up again next month due to the decline in domestic production. Missing pork due to the ASP is compensated by increased cow slaughtering.
