GDT auction from Oct 04, 2016: Auction prices go to 3 % zurück. The recent auction of global dairy trade (GDT) has a two-month phase of increase in by more than 30% now a reverse type-setter must accept an average 3%. The two great achievers of the auction made a full and skimmed milk powder have truncated with negative results. The high level of the two butter fat products could not entirely be held. The turnover is on 33.937 t gone back. Whole milk powder was rated lower in the delivery month to - 3.8% on average. The range % ranged from 0.3 in the Dec. 16 - 8.9% in the Jan. 17. The spring months remained in negative territory. Background of the rate cuts might be the falling U.S. prices when demand is moderate. Magermilchpulver reached remained only an average result of 3.9%, but in the breadth of the month results between - 2.2% - 5.9% in the weak month Jan. 17 in slightly narrower lanes. In the EU always still about 300,000 t of MMP in the various intervention warehouses store. Butterfat has in recent months with above-average Price increases strongly increased. The current feedback type-setter of average-1% is against the background of the already achieved level above the 5 year average be considered consolidation. The price reductions before auction in a narrower moderate frame remain up on the month of Nov-16. The normal butter prices are down most uneven, however. Increases in the last two months of delivery of the year 2016 in 7.2 and 5.7%, respectively rate discounts are available from - 3 to-7% in the first months of the new year to. The butter fats , a first upper limit seems to be reached, because the previous rate increases have been attracted by the high U.S. prices for butter. This orientation is omitted since the sharp decline in US butter prices. As a whole it remains in assessing that the cyclical trough is going through. The increase is persistent but under the sign of high milk production in the United States above the level of previous year, seasonally-related most deliveries in the coming two months Okt.Nov. 2016 in New Zealand as well as the intervention stocks in the EU not will go smoothly is.
