Jan 1st GDT auction starts the new year 2024 with +1.2%. Whole milk powder (VMP) (around 50% auction share) continues the price increase of the two previous auctions with an average of +2.5%. Surcharges were implemented for all delivery months. China, as the main buyer, has made a stronger appearance on the market again. The VMP price level is at the 5-year average of $3,290/t. Skimmed milk powder (SMP) (around 25%) repeated the negative result of the previous auction with -0.9%. This time the later dates tend to be weak. The result remains below the 5-year average. The absolute MMP prices reach $2,613/t, but remain below the EEX prices ($2,825/t) and just below the Chicago quotes of $2,638/t. Butter fat prices (around 10%) improved the position slightly at +0.2%. The delivery months March and April-24 showed slight weaknesses with discounts compared to the pre-auction, while the subsequent delivery dates remained in positive territory. Normal butter (approx. Anteil 8 %) hat nach dem starken Preissprung in der Vorauktion diesmal mit +2,1 % weiter zugelegt. Im Vergleich zu der Konkurrenz in den USA und der EU bestand Anpassungsbedarf. Mit 5.514 $/t bewegt sich der absolute Butterpreis über dem 5-Jahresmittel. EEX Leipzig notiert umgerechnet bei 6.215 $/t und die Chicagoer Kurse notieren um 5.688 $/t.
Das durchschnittliche Auktionsergebnis überschreitet wieder den 10-Jahresdurchschnitt.