15.
10.14
18:15

GDT auction 15 Oct plus results

Global dairy trade auction by Oct. 15.2014 again positively completes

With a plus 1.4% mid October 2014 could the plummeting of international dairy product prices have reached a first soil formation. After a nearly 50% decline since Feb. 2014 you arrive at a price level, there permanently last approximately 10 years ago in the international business. Cause of the rapid decline in prices was the coincidence of increasing milk production in the leading production areas with a declining demand from China and a subsequent Russian import ban.

Decisive contributions to the positive result supplied milk powder, butterfat and normal butter. The negative prize winners were especially lean and buttermilk powder.

Vollmilchpulver reached an average price increase of + 3.1% compared with the auction two weeks ago. The positive sign stretched over all dates in April 2015. Encouraging high growth rates were in the early months of the years s2015 to bi + 3.9%. Whole milk powder is one of the mainstay of this auction with a market share of almost 60%.

The surcharges in butterfat with an average price increase were even higher by + 7.4%. The largest share of it had the delivery month Dec. 14 with an increase by + 11.9%. The later dates are all at the plus with + 3 to + 4.9%. The New Zealand dairy FONTERRA was the sole provider.

The same dairy sold normal butter 82% fat content at an average price of + 3, 9%. In this case were the dates Feb-15-Mar-15 leader with + 10.7 and + 8.5%. The Jan. 15 date Castle but with - 1%.

Both butter fats make a market share of approximately 15% skimmed-milk powder was again significantly lower - 3.4% recorded as last time. Providers were the Indian AMUL, the Danish Swedish German ARLA, the French EURO SERUM and FONTERRA.  The lower auction surcharges was detected in all delivery dates in the Apr. 15. The weakest result achieved the Jan. 15 - date. After all, skimmed-milk powder has a market share of about 25%.

Again there was the German dairy AMMERLAND sweet whey powder and arrived after the false start on Oct. 1.2014, this time an increase of 4.3%. The quantities are small but insignificant.

The auction result gives cause for hope. The delivery months reflected largely up on MMP in a strong plus, so that positive signals for an end to the long-term price decline have been used.

Of an recovery is still far away. This is much increased dynamism in production and operation, the end of EU quotas and falling prices of animal feed, further buoyancy receives. On the demand side, anything is by a fundamental U-turn of the restrained Chinese import behavior to feel. And last but not least press the Russian import lock on the international market.

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