First. April 2024 GDT auction with +2.8%

  1. GDT auction in April 2024: +2.8%

The first April 2024 auction of Global Dairy Trade (GDT) offset the price decline of the previous auction with an average of +2.8%. Whole milk powder and normal butter make a significant contribution to this, sometimes with significant price increases. At 18,737 t, the auction volume continues to decline as is usual for the season. With +3.4% , whole milk powder (VMP) (around 50% auction share) sent a clear signal against the downward price trends in the pre-auctions. The price surcharges take place in all delivery dates. Supply quantities were too tight even for restrained demand. The VMP price level increases to $3,246/t but remains below the 5-year average. Skimmed milk powder (SMP) (around 25%) interrupts the price decline of the preliminary auctions with +1.8%. The absolute MMP prices reach $2,550/t and are just above the Chicago quotes of $2,554/t, but below the EEX rates in Leipzig at $2,520/t. Pure butter fat courses (approx. Anteil 10%) haben mit durchschnittlichen +2,3 % zum wiederholten Male zugelegt. Insbesondere die Liefertermine Aug./Sep 2024 hatten aufgrund des Ausfalls in der Vorauktion Nachholbedarf. Die Relation zu Normalbutter pendelt sich wieder ein.

Normalbutter (rd. Anteil 8 %) hat mit +3,1 % den gemäßigten Preisanstieg der Vorauktion fortgesetzt. Mit 6.592 $/t bewegt sich der absolute Butterpreis über dem 5-Jahresmittel. EEX Leipzig liegt umgerechnet bei 6.318 $/t und die Chicagoer Kurse notieren um 6.404 $/t.

Das durchschnittliche Auktionsergebnis (Index) bewegt sich weiter über dem 10-Jahresdurchschnitt.

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