- GDT auction in May. 2021: on average again weaker -0.2%.
The second Global Dairy Trade (GDT) auction in May 2021 once again had to reduce the price level reached so far by an average of -0.2%. Normalbutter experienced another setback in a row, while MMP was able to gain again. The handling volumes are down in accordance with the usual seasonal trend continues lower. Whole milk powder (VMP) had to give up part of the increase in the pre-auction with an average of -0.2%. Exceptions are the months of August and September. with a premium of 0.4 and 0.6% respectively. The absolute prices of $ 4,123 / t remain at the top level in a multi-year comparison. Skimmed milk powder (MMP) continues to rise by + 0.7 % on average and has held its own in the high price range of the last 5 years. A poor result was only seen in Aug.Achieved in 2021. At $ 3,447 / t, the MMP prices are still at a high level compared to the EU ($ 3,079 / t) and the USA ($ 2,588 / t). Clarified butter has to be far unrivaled price level can all say with -0.1% on average for the umpteenth time not. While the previous delivery dates were still positive, the following results remained significantly weaker. The average product price remains at the top level at $ 5,730 / t. After the above-average poor performance in the previous period ( -12.1% ), normal butter had to give up another -2.2% on average. Only August 21 saw a positive surcharge with + 3.5%. At a level of $ 4,929 / t, the absolute butter price has to accept considerable reductions from its maximum price level. (see grafic). EEX Leipzig is quoted at $ 4,937 / t and Chicago prices are $ 3,940 / t. Despite the discounts, the average price level still remains in the good average range. In the EU and the USA, the quotations are clearly lagging behind. In the southern hemisphere, the milk season is approaching the seasonal low. In the northern hemisphere, the opposite seasonal increase in delivery shows only moderate growth rates.
