First GDT auction 2017: -3.9% to the prior auction Conducted on 02 Jan 2017 global dairy trade (GDT) auction expected no improvement in dairy product prices has can lead to - 3.9% at the beginning of the year. Thus the achieved so far falls price rise since the middle of the year 2016 something back. The cargo-handling volumes are still small 22.396 t. Cause is the milk delivery significantly fell behind in New Zealand. Fonterra as a main supplier was this time supported by the Arla Foods and the Indian AMUL MMP offers. Whole milk powder (WMP) as the main service providers of the auction % has been instrumental with an average of 7.7 to the weak result. Chinese buyers have remained largely. However, remains of the VMP price, but just above the average of the last 5 years. For the individual delivery months until Jun. 17 negative were continuously to the preliminary auction results achieved. The negative numbers ranged from - 5.4% in the Jul-17 - 9.6% in the Feb.-17 Total demand proved to be very reserved. The skimmed-milk powder prices % ended up in the funds of all delivery months at + 2.3. The spectrum ranged from 0% in the month of Jun-17 up + 5.8% in the month of Feb-17. It remains noteworthy that there has been no return type-setter. Finally, there are still 350,000 t of MMP in the EU intervention stores. Butterfat was reluctant for the umpteenth time asked and was able to with - 0.6% claim not entirely. All other delivery months in negative territory in a range of 0.1 to - 4.3% stayed up on the month of APR-17. Measured on the 5-year average butter fat on the upper limit of the bandwidth record. Normal Butte r rose by more average + 0.5%. Also in this case move the current rates in the top range of the past 5 years. The results for the individual delivery months vary from - 1.3% in the Jun-17 to + 3.2% in Jul 17the auction results at the beginning of the year regularly slightly weaker. The offer amounts remain low. Demand will possibly again in the further course of the develop new year. The price level is held just above the 10 year average value.
