GDT-auction average again weak negative - but mauch with positive signals

Global dairy trade auction Center Jan 2016: - 1.4%

The results of the first two auctions of global dairy trade (GDT) at the beginning of the year 2016 have still not the hoped-for price rise brought. The average of all products and delivery months from both Jan dates joined with 1.6 1.4% . The proposal to set was smaller than last time with 25,500 t with just under 22 000 tonnes.  In particular the price changes vary but in terms of product and delivery dates.

An significant difference is between the prices of milk powder and butter prices .  While the two milk fats again close to the 5-year average zoom move, stop the milk powder products still halfway up to the multi-annual average values.  The high prices of butter in the United States, moving despite declines in recent times still between 30 to 50% of the international courses are background. The milk powder, the continued reluctance of the Chinese buyer comes to fruition.

The average auction price for whole milk powder cut off only to weak 0.5% at the previous auction. However significant differences from - 3.7% in the March between each delivery month-16 and + 9.1% in the summer month Jul-2016. Possibly the expected shortage in New Zealand's largest exporter is here already.

The skimmed-milk powder pricesshow consistently weak. Background is the world's variety of activities in the United States, the European Union and New Zealand.  

The bidding prices for butterfat are positive down with + 2.4%. Compared with the previous auction was also catching up to do compared to the normal butter.

The prices for butter in the front delivery dates are still in the discovery phase is moving after the turbulent prior auction prices. The discount of - 14.3% for the Feb date represents a correction of the price premium of 16.5% at the previous auction. Again, the following positive results are in line with the butter pure fat courses.

Even if the average result negative turns out, are for the rear dates quite positive price signals have been put.

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