Renewed back setter at the auction of the GDT Beginning of March 2017: 6.3%in the run-up to the auction , it was announced that especially the whole milk powder prices should seriously come under pressure due to the higher offer. The premonitions were significantly exceeded. The New Zealand milk supply is declining not more so rapidly as was the case in the previous months due to the favourable growth conditions. In accordance with the auction offer was large. The proposed to lot amounted to approximately 22.328 tonnes and was about 10% higher than in the prior auctions. Total the supplement results were lower % to rd.-6.3 to the preliminary auction. Total prices by almost 10% in one month have fallen. Thus, the 10-year price index is again below its long-term average. The largest price drop was at-15.5% for skimmed-milk powder is held. Especially the two delivery months of April and may 2017 are with 22.9 or - 21.3% were clearly out of line. The date of Aug. 17 was served at all. In the case of Vollmilchpulver , the price discount averaged - 12.4%. The bandwidth remained with - 10.9-14.6% in the 5 delivery months in a narrow frame. The weak demand for milk powder has provided the trigger for the auction result. , However, butter fats could claim yet comparatively well. Butterfat could with auction profit before - 0.8% the delivery months on average not quite hold. Normal butter recorded a positive result even with + 1.2% . The month of APR-17 with a plus of 5.6% was outstanding. The current global butter shortage - raised in the U.S. - has had a fully. Butter prices are measured in the last 5 years at the top mark. Much price travel to the top is no longer expected. The auction result signaled that for now a price level, which leaves little room for further price booms. Butter prices have arrived at the top of the flagpole and the milk powder prices show as long as no buoyancy tendency such as the China demand is restrained and the MMP supplies of the EU remain unchanged.
