Latest GDT auction with signs of resignation before the required uebersteigenden offer amounts
The latest auction (2 Sep. 14) of New Zealand global dairy trade ended up with an average score of - 6% across all products and delivery months. Since Feb 2014 the prices are in the fallen of the international auction by around 45%. While the strong reluctance to buy China falls particularly in the weight. The situation has been exacerbated by the Russian import barriers, whose Mengen find outlets in the residual market.
Of the volume and price here, Magermilchpulver the most clicks the courses. The average price decrease of - 9.5% stems from clamping width of - 11.5% - 7.5% the delivery months Nov-14 until Feb-15. Only the March 15 date ended with a rise of 2.6%.
The largest share of sales has WMP. The surcharges landed on the average at 4.3%. This front dates fell % particularly in the weight by 2015 including Jan course tees from 8.6 to 4.7. As with other products also the Spring dates showed positive tendencies of stabilization.
Two milk fat products normal butter and butterfat , a minus of 5.8 - 5,6 came out %. Also in this case the front offers of the November and December dates 2014 pushed back the bidding prices of 7.6% on 14.1.
The average result for Cheddar cheese - 4.9% is 1. Line the weak results of the delivery months Dec. 14 and Jan. thanks to 15.
Participants in the auction described the mood of the seller with resignation and a certain surrender in the face of offer quantities high demand to. There was the impression that one is happy, without regard to the price of the goods to be become going. Market experts characterize this situation as a period of time of a final phase of falling prices, following a stabilisation phase to follow.
