GDT auction by the 02.02.2016:-7.4%

Of strong drop in prices at the auction of the GDT beg. Feb. 2016 the average result of the global dairy trade auction of beg. Feb 2016 ended with one minus amount of - 7.4% to the preliminary auction. Thus, the previous positive statements have been provided more than smooth. Year over year, milk prices slip again in the direction of the low temp.

The supply was again lower failed with about 24,500 t.

The largest setback was when whole milk powder-10.4% reached.  The large auction portion of this product suggests through massively on the average result.  Purchaser of milk powder are mainly China but also other countries, like for example many oil exporting countries. The Chinese reluctance and the Rohölpreisbedingte purchasing power reduction could be used as explanation for this sharp decline in price.

Particularly significant price return type-setter saw the summer months from May to July 2016 with up to 13.2%.

However, the average price reductions of the skimmed-milk powder - 2.2% take out still quite moderate. While the front delivery months with 0.7 to 1.6 still tolerable cut %, 9.3 thinking of giving a month but Aug. 16 in connection with the milk powder results %. How secure is 2016 still classify the expectation of rising milk prices in the 2nd half?

The two milk fats have again must make their profits from the recent auctions for a good part. Butterfat would have to accept price losses between-3.1 - 7.1%, on average the delivery months, - 6.6% came out.

Normal butter did even worse with 8.3% on average. The spectrum ranged from 7.5% in May-16 and - 9.6% in the Aug. 16.

The milk fats are relatively better dar as the two milk powder products. Compared to the 5 - year average price fats remain closer to the average, while powder prices moving far away.

The global milk production is still less than 2% above the previous year, mainly caused by the EU and increasingly by the United States. The production declines in New Zealand and other producing regions are made to small volume, to make compensation to the two major export regions EU and United States. Still missing the import of Russia, where the political reasons more and more are back for financial reasons.

The Chinese import behavior remains in average on the previous line, which is only half as high as in previous years.

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