Second GDT auction in Sep. 2020: + 3.3% on average; Milk powder in the plus The second September 2020 auction of Global Dairy Trade (GDT) shows an upward trend with an average result of + 3.3% . The result is characterized by strong additions in the milk powder area. Pure butter also scores consistently positive. With 33 791 t handling volumes have fallen back to Vorauktion. Whole milk powder (VMP) compensated for the setbacks in the pre-auction in almost all delivery dates with an average of + 3.2%. At $ 2,985 / t, the price mark of $ 3,000 / t has not yet been quite reached. Skimmed milk powder (MMP) increases significantly with a surcharge of +8.4. With the exception of the delivery month Nov.-20, all the others were in the high range at the two-digit mark. The considerable surcharges are repeatedly noticed in the first two months of 2021. At the converted $ 2,889 / t, the SMP prices are still at a high level compared to the EU and the USA.. Butterfat has recovered by 2.0% on average, the price reductions in the Vorauktion again. The average product price is still in the good midfield. Normal butter loses again with an average of -1.4% . The decisive factor was the price reductions in October 20 and March 21; the other delivery months were only just able to hold their own against the advance auction. The price of the equivalent of $ 3,282 / t. The latest auction results indicate a stable to rising picture of price developments in the international milk market. The effects of the Covid19 pandemic are increasingly fading. The market provides a more uniform picture than was observed in the previous months. There are increasing signs of a favorable development in the New Year .
