GDT auction by Feb. 21.2017: return type-setter - 3.2% So pleasingly cheap in the average of the last months global dairy trade auctions lost are, so it comes again to appropriate setbacks for individual events. The most recent auction date suffered a setback of - 3.2% on average of all products and delivery months. In essence are 3 causes to be used: weak Chinese demand after the new year beginning Feb.. 2017, the high pressure in the sector of skimmed-milk powder and the irritated from high prices at the butter fat. The Vollmilchpulverkurs e fell an average - 3.7%. In each delivery month was the decline in the March 17 to - 4.9% to-3% in the May 17. Main reason for the declines may have been weak demand of Chinese buyers. Skimmed-milk powder fell to - 3.8% on average of the delivery month. The spectrum ranged from % + 0.2 in the March 17 - 7.5% in the July 2017. The world's abundant supply of skimmed-milk powder and in particular the high EU stocks push on the courses. Currently no paging in the intervention stocks are made in order not to endanger the level of price from 220 €/ dt. The guaranteed minimum price is less than 170 €/ German In the case of the butter pure fat prices there were inconsistent results in each delivery month. For the March 17 the high increase of the first auction was again revised downwards - 9.3%. , However, increased the surcharge for the may date to + 4.2%. All delivery times on average one came reduction of - 1.3% out. Normal butter % could contend with + 0.2 knapp. The May 17 brought the decisive breakthrough with + 2.4% surcharge. The other delivery months remained negative. For the month of delivery came Aug. 17 this time no orders about. The handled quantities move with about 20,500 t at the lower end of recent years. In the offer, the Indian AMUL had again and Arla Foods with skimmed-milk powder. The main offer is from the New Zealand dairy FONTERRA
