2 GDT auction in March 2017: butter fats exceed top courses – MMP falls in the basementthe global dairy trade auction on March 21st, 2017 delivered strongly opposing results. Already at maximum level butter prices increased again and the lowest listing the skimmed-milk powder prices gave way once again with-10%. In the average of the total auction, but still a positive result of + 1.7% came out. The total sales amount has changed slightly with 22,500 t. Whole milk powder with its high share of the auction provided the delivery months on average a rise of 2.9% and has contributed significantly to the overall result. For the umpteenth time, it turns out that the front dates are preferred, while you obviously distinct reluctance at the back months. The delivery month Sep. 17 was not served. Uncertainty about the other market and price history in the autumn 2017. hiding behind Skimmed-milk powder was punished for the 2nd time in a row at high price discounts. In the month of March alone, MMP has lost 30% of value. Behind it stand unchanged large MMP stocks of the EU, but also the pressing offer from the United States. In anticipation of the next delivery high in the early summer months, also no shortage of MMP is to be feared, rather on the contrary, another inventory build-up is cannot be ruled out. Butterfat with + 3 %weiter do good soil, although already a disproportionately high price level is reached. Butter fats are world's scarce and sought after. Have the origin for 1.5 years scarce quantities in the United States. Normal butter even higher price premiums reached an average of + 4.9%. The delivery date Apr. 17s delivered a significant contribution to a charge of 24%. Obviously was more urgent need for replenishment. For the rear dates cut but also significantly worse. In the overall result, it should be noted that milk prices are scarce on the 10-year average level move. While the move butter fats most top end of the price scale, while MMP hardly can assert itself in the lower price sector. Vollmilchpulver is just under the 5 year mean.
