04.
06.14
15:33

GDT auction from June 3-4.6%

GDT-Internet auction from 03 June 2014 with more darkness than light

With a average result by - 4.6% the series of price adjustment in the milk sector increasingly continues across all products and delivery months.

Due to the large share of the auction amounts contributed whole milk powder with - 8.5% significantly at the considerable price discount. During the delivery month of July is still with a + 5% surcharge, completed the additional dates offered discounts in Dec 2014 between - 6-12%. While the Sept. proved most difficult candidate date. Obviously, the offer was measured by the demand too large.

In contrast, presented the sale of skimmed-milk powder in the average with + 2, 1% quite fast. This gave the front dates July and August + 1.6 and + 5.3% the rash. The rear dates from Sept till Dec 2014 including recorded with 0.6 and 3.6% in the moderten negative range.

Butterfat % teamed hard in the front dates Aug and Sept with tees from 6.4 right % to 6.9. The later delivery months closed - 2.1-2.6%. On average the listing discount was about 5%

Normal butter average delivery times unchanged, but a surcharge of + 5.7% remained in the July 14 and + 2.2% were compensated for by price reductions at the other dates in November.

Light and shadow were directly next to each other at the two cheese products. Rennet casein was - 10.2% a clearly weak result, while the cheddar cheese with + 8% has risen sharply. A comparable trade has taken place only in the month of Aug. 14.

The quantity sold remained about 37,000 tonnes below the usual 40,000 t. The seasonal impact of the declining delivery levels in the southern hemisphere is also noticeable as the no longer quite so euphoric mood of demand. In the northern hemisphere get the delivery quantities both from the seasonal as economic drive out. Also from this competitive pressure comes.

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