- GDT auction in Oct. 2021: 0.0% on average
In the 2nd September 2021 auction of Global Dairy Trade (GDT) the prices were changed by an average of + 0% . The expected upward trend will not continue in all sectors. Whole milk powder with a market share of more than 50% fell by -0.4% while the other products rose between 0.4 and 0.5%. The throughput volumes increase due to the season. Whole milk powder (VMP) had to give up part of the price increases achieved. They went down by an average of -0.4% to $ 3,749 / t. The course remains in the mid-range for several years. China's imports suffered from the recent financial crises. After the heavy surcharges in the pre-auctions, skimmed milk powder (MMP) once again underlined the rising price level with +0.5%. The quotations are still at the high price level of the last 5 years. At $ 3,315 / t, the absolute MMP prices remain above the EEX exchange rates ($ 3,080 / t) and the USA ($ 2,844 / t).Butterfat prices have improved slightly on average at the increased level. Only the date in March 2022 is slightly shorter. The average product price remains in the upper price segment of the last 5 years at $ 5,984 / t. Normal butter has brought back some of its losses in the Vorauktion again. The absolute butter price remains in the range of slightly above-average prices of $ 4,875 / t. EEX Leipzig is quoted at $ 4,847 / t and the Chicago rates are at $ 3,946 / t. Despite the zero round on average, the upward trend in international prices for butterfats and SMP continues. Further improvements can also be seen in EU and US prices. In the oceanic countries, milk delivery is approaching its seasonal peak in October 2021, while milk production in the EU-27 is tending to decline.
