GDT auction of 16 Feb. 2016: average score - 2.8%
Despite reduced offer to about 22,000 t the prices on the latest could be not quite kept global dairy trade auction. The profits from previous auction results with positive output are been would offset this to a large extent.
As at the last auction beginning February, the weakest results for whole milk powder were reached. With a reduction of an average of 3.7% rate reduction hits through hard at the high percentage of more than 50% on the overall result. In each delivery month the Apr. 16 - 2.9% was still relatively moderate, the delivery month of July cut off even worse with-5%. The surprise came with the Aug. 16 with a price decline of - 17.8%.
However, skimmed-milk powder in the average-0.1 could assert themselves just % to level before the auction. Front delivery month March even an increase of + 4.9% was achieved, while in the following months both positive and negative results barely reached above or below the zero mark.
Butterfat achieves consistently positive results. The average came out + 1.5%. The Spannbreit ranged from + 1.9% for may delivery and an unchanged result for the August deadline.
However, butter with average-2.3 suffered a significant setback %. The span ranged from - 3.9% in May to + 0.9% for July delivery.
Long back tending rates for milk powder on the border of the lower range, is reached for the butter products a level just below the multi-annual average. The overall level itself apart in 2009 and 2015 only slightly from the lows in years.
