(AMI) - in New Zealand at the GlobalDairyTrade tender the price of skimmed-milk powder has declined significantly. Whole milk powder, however, could again put after the last trading date here was a clear negative recorded. The butter price increased in the current auction for the umpteenth time.
In the current trade date on the 21.03.17 index of all traded dairy products closed with a plus of 1.7%. The median price was 3.101 USD/t or equivalent 2.871 EUR / t, which, however, significantly below the result of the auction beginning March. A similar amount was traded with 22.498 t as at the date of the previous.
At the product level showed mixed developments. Skimmed-milk powder gave way for the third time in a row in the price and recorded a double-digit loss. The median price was $ 1,803 EUR / t whole milk powder, however, here reached a slightly higher average price, which amounted to increase 2.9% at $ 2,643 EUR / t.
The yellow line of cheddar prices fell slightly and was last at $ 3.153 EUR / t. The butter price recorded the strongest increase across all products and therefore reflected the currently predominant fat market increased demand. With a plus of 4.9%, the median price for butter was $ 4,545 EUR / t. This represents the highest result of butter at the GlobalDairyTradeTender.
ZMP Live Expert Opinion
In New Zealand at the GlobalDairyTrade tender the price of skimmed-milk powder mid-March has declined significantly. The price of butter, however, could put in repeatedly. This development is reflected currently in Germany. In commodity markets, fat tends continued firmly while protein weakens. This drifting apart the prices of mostly fat and protein products continues and the recovery gap will have widened further.
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