Milch Cockpit, 09.11.2018

(AMI) - Prices for dairy products on the world market have continued to decline. On 06.11.18 the price index on the trading platform GlobalDairyTrade in New Zealand decreased by a further 2% compared to the previous auction. As a result, the average price of all traded products dropped to $ 2,851 / t, which is the equivalent of € 2,495 / t. As a result, prices have fallen by around one-fifth since this year's high in May and were as low as last in August 2016. The volume traded at the beginning of the month rose again slightly to 42,412 t at the level since September. This means the highest volume handled for more than three years. At the product level, the weaker tendencies dominated recently, after a slight recovery at the end of October. As a result, Butter weakened again by 1.7%, reaching an average price of 3,540 EUR / t. The same developments were also seen with butter oil and lactose. Here, the decreases after previous short-term fixings amounted to 1.3% and 2.7%. Cheddar continued to weaken, down 4.6% to the equivalent of € 2,844 / kg. Whole milk powder missed with the equivalent of 2.323 EUR / t the result of the previous appointment by 2.9%. Kasein also weakened by a further 2.9%. By contrast, buttermilk powder showed a slight recovery. Skimmed milk powder was also able to recover slightly. At the equivalent of 1,747EUR / t, the average result was 1.2% higher than in mid-October.