GDT auction of 18 Nov. 2014 again in minus

Global dairy trade auction: milk powder in the minus range, butter in the plus

According to the 2 moderate previous auction results, the recent auction with an average fall of 3.1% less satisfying is to see.

The two main winners of the event full and skimmed milk powder completed - 5.1 5.7%, and significantly worse than the last time. Both butterfat with a market share of about 10% and positive accounts of + 6% and + 6.1% could do little about it.

Vollmilchpulver graduated from 15% in Feb., - 15 and - 8.7% in March - with a share of auction by about two-thirds in all delivery months in the negative range 3.9. Only provider was the New Zealand dairy Fonterra.

Skimmed-milk powder with a market share of 25% % reached only negative auction surcharges in the range of 1.2% in the March 15 to 7.7 during the delivery month Jan. 15.

Only the Indian dairy Amul, Danish Swedish company of Arla Foods and the New Zealand Fonterra were represented. The term provider were staying away from the auction.

Butterfat is traditionally only offered by Fonterra. Positive results were achieved in all delivery months. They ranged from + 3.4% in the month of May-15 to + 11.3% in the month of Feb-15.

Normal butter - offered only by Fonterra - has the highest bid for the delivery month Feb-get 15 + 11.3%. For the dates of Apr. 15, it was enough % but even for + 3.5.

The German dairy Ammerland had made no offer this time.

Overall the auction results on 80% of the 10-year average pricesare moving, but still above the Tiefstmarke in the year 2009 with 60%.  

The observation that no more offers have been given for the Dec. 14 was striking. It seems as if the focus fully on the new year . The next two auctions will be expected to be even more set for 2015 in the Dec. 14.

Worldwide increased milk production pushes normally always on the powder markets so that the durable products can be easily transported and taken stock. In the case of butter, this procedure is slightly more difficult, so that constantly demand.

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