Sept.-GDT auction ends with + 7.7% - Price increase by 25% in 1.5 monthsthe recent global Internet auction for milk products the global dairy trade (GDT) delivered an average result of + 7.7% compared to the prior auction 2 weeks ago. Thus, the prices for milk products for the 3rd time in a row. A total the last 3 auction dates result in a price increase of more than 25% in 1.5 months. The proposal to product quantity remained with less than 37,000 t little behind the previous auction, is but fast 50% above the levels of the early summer months. Whole milk powder (WMP) comparatively modest section with an auction share of about 50% in this auction with a price growth of 3.7%. For the growth of 18.9% in the prior auction had fallen disproportionately high. Despite the considerable increases, VMP has not yet reached the 5-year average line. The individual delivery dates from Oct. 16 there ranges from a weak Jan. 17 month 0.2% to + 7.4% in the March 2017. Skimmed milk powder (SMP) % on average of all delivery reached a remarkable recovery with an increase in surcharge prices + 10. After all, more than 280,000 tons of MMP lie in the EU in the intervention stores. The range of results ranging from + 6.2% in March-16 to + 12.7% in the Oct. 16. MMP remains yet the brake pad in the dairy market. Butterfat has with an average price increase of + 15.4% for the 2nd time in succession greatly set to . Now are the prices well above the 5-year agent and make in 2013 on the high results. With the exception of weak cutting off of the delivery month Aug. 16, the price increases between + 13.8% move up + 18%. Normal butter reached also a remarkable increase of average + 17.9% on all delivery dates. The range in each delivery month ranged from + 22.6% in the Aug. 16 + 10.9% in the Jan. 17. The 5-year average line is also in the case of normal butter exceeded. The recent results of the GDT auction is approaching with great strides of the 10-year average line. The next auctions are due to the usual seasonal increase in milk production in New Zealand be marked up to the climax in the Oct/Nov. It must reveal how robust the previous demand-related price increases will be an increasing supply.
