GDT auction from 15 Nov. 2016: further increase 4.5% The second November auction of the global dairy trade delivered plus another result from average 4.5% at the previous auction. The auction on Nov. 2. had an increase of 11.4% already supplied. The average price have attached are now well above the 10-year line . The sales volume fell with almost 24,000 t significantly below the previous auctions. Skimmed-milk powder (SMP) was the product with the highest premiums in this auction. On average the delivery months until may 2017 including was a plus reached 9.8%. That is twice as high as the average. The result should be considered in connection with a pent-up demand from the previous auctions, to restore to the price relative to the whole milk powder. For the EU, the achieved rates have a special significance against the backdrop of the high intervention stocks, which put the MMP prices under pressure. The range in each delivery month ranged from 6.6% in May-17 up to 10.8% in March-17 With a share of the auction by rd. 50% whole milk powder (WMP) is crucial for the overall result. Achieved an average was + 3.2%. With exception of the weak month of Dec. - 4.7% as a correction for the previous high result remain all remaining months in the plus range between 2.9% in Feb-17-6.2% in the May 17. In good average was also the result of butterfat in the amount of + 4.4%. The range is from 0.3% in Dec 16 up 8.6% during the delivery month Apr. 17. Normalbutter brought it to + 1.1%, taking the weak months Jan and Feb 2017 with 0.5% affected the overall result. However, a price level has been reached for butter, that to settle is in the top quarter of the last 5 years. The back months with up to + 5.1% in the May 17 are particularly promising for the year 2017. The recent auction results consistently provide ratesthat are above the multi-annual average . The extra charges for the months of the new year can be expected that the upward trend is based on a solid foundation: worldwide decline offer with limited supplies and rising demand.
