GDT auction 15 Sept. 15: + 16.5% - the recovery rate continues
The Latest GDT auction of dairy products in the global Internet has to a further rate increase of prices for dairy products led to 16.5%. Thus, the prices have risen in the last 1.5 months to more than 40%. The GDT auction results are trend-setting price parameters in the international trade of dairy products in little modified auction offer recent increases in price signals a significantly increasing demand for dairy products.
Whole milk powder traded up 20.6% in the average of all delivery dates. This extra amount to beech suggests at a commercial share of more than 60%. In almost all deadlines until including March-16 increases were realized, that were not covered by 17%. The month of March with + 26.5%, a signal that points clearly to a more favourable future delivered the bang at the end.
Magermilchpulver reached an average improvement of rate of 17%. In this case the range of surcharges ranging from 13.6% for the delivery in the Oct. 15 to 24.8% in the final month of March 16.
Two butter fats reached average results respectively by 13.7% to 13.3%. In these two cases, butterfat and normal butter put a strong final chord of each + 20.6 or 23.8% increase for the month of März16.
Auction results completed for the third time in a significantly double-digit have made it clear that the supply demand conditions have bottomed the cyclic. With the considerably higher advance rates of the first spring months, the turnout have been provided again towards a robust upward trend.
When all euphoria, it should not be forgotten that the achievements level is still considerably below the multi-annual average values . More positive auction results are needed to be able to speak again of "Normal price".
It will need to turn out yet, to what extent the seasonal peak of milk delivery in New Zealand and Australia in the Oct. 15 the demand overwhelmed or not. However, the announcements of a reduced herd of cows in New Zealand and the upcoming El Niño weather phenomenon that are suitable to adopt, which left behind the usual increases behind previous years.
