Another setback at the auction of the GDT:-2.9%
Despite repeated reductions in the supply dairy trade kept on the most recent global auction March 2016 is already low on 15. The overall result of all products and delivery months was slower 2.9%.
The average bid for the main carrier of the milk powder auction with more than 50% market share with 0.8% was not so bad. Also, the values the delivery times of - 1.7% in the month of Jun-16 to + 3.5 was held by % in the Sep. 16 in the frame.
Truncation in the skimmed-milk powder with an average amount of - 2.5% was even more serious. Also in this case the rates moving in each delivery month consistently in the context of a small range of - 2% to - 3.7%. Exception to the delivery month Apr.-16 with a plus of 1.2%.
Normal butter reached a price discount of 2.8% on average. Kmane in the einlzene delivery months but very different results out. The first three month to Jul 16 including landed in the negative range, where the worst section of the may appointment with - 5.8%. The two rear dates showed a notable improvement with 3.9% and 3.5% respectively.
For the second time in this month of March 16 got full quotes for butterfat-6.5% . Thus, the courses from two auction events to more than 13% are collapsed. With the exception of the month of Aug. 16 with + the minus series ranged 0.2% - 3.1% in the Jul-16 - 9.7% in the month of May.-16.
Multi-year compared the average result indicates again the level in 2009 and 2015 . In the coming months the seasonal offer development of milk supplies in the northern hemisphere of the Earth will become again more noticeable. However, the decline in the southern hemisphere is to align limited something. The low prices may prevent an excessive expansion of the seasonal offer.
