GDT auction with a modest increase of 1.4% - MMP prices just in the negative The recent auction of global dairy trade (GDT) on 18th Oct. 2016 brought in average of all dairy products a 1.4% rate increase. For a balance of the previous auction with a decline of 3%, the result was not enough. The converted volume was 31,500 t significantly below the amounts of past events. With an average increase of 2.9% in the middle of all Whole milk powder delivery dates including April 2017 was the main support for the overall result. Positive results were obtained in all months. The increase in the results especially promising spring months + 5.4% 7.2% , promise them in rising levels in the new year 2017. Skimmed-milk powder % behind the other milk products is left with an average of 0.3. But also in this case the results increase in the first months of the new year in the plus range with a bang of + 8.6% during the delivery month April 17. Global stocks of MMP with focus in the EU remain a means of pressure on the price development. Butterfat auction profit before could fix with + 1.1% for minor fluctuations in the entire delivery period solid. The average rate is just over $5,000 / t and significantly faster than the multi-year averages. Normal butter achieved a significant improvement of the total with an average increase of + 2.6%. Also in this case, the spring months cut off 2017 exceptionally well. Also normal butter prices exceed the multi-annual average price. The auction result joins in a slow but solid price upswing, which is supported by a worldwide drop in production and demand are recovering again.
