2nd GDT auction prices in Apr. 2025: +1.6 %
The second Global Dairy Trade (GDT) auction in Apr. 2025 once again closed on a positive note with an average of +1.6%. Premiums were achieved for almost all main products. The exception is SMP with -2.4% due to the high price discounts in the delivery month of June 25. Auction volumes continue to decline due to seasonal factors.
Whole milk powder (VMP) (approx. 50% auction share) has picked up again at +2.8% following the declines in the previous auctions. This is due to the shortage of supply and stable purchasing behavior of the main buyer, China. The VMP price level rose to 3,666 €/t.
Skimmed milk powder (SMP) (approx. share of 25%), after the high price premiums in the previous auction, saw prices fall by
-2.3 %, the price trend returned to an average level. This particularly affected the delivery months of June and July. At the equivalent of 2,457 €/t, absolute SMP prices remained in the mid-range of previous months. The Chicago prices are at 2,393 €/t, the EEX prices in Leipzig at 2,406 €/t.
Prices for pure butterfat (approx. 10% share)continued to rise by an average of +2.1%. Premiums were achieved in all delivery months. There was a need for adjustment compared to normal butter.
Normal butter (approx. 8% share) made up for the decline in the pre-auction with an average of +1.5% and maintained its high of €6,750 per tonne. EEX Leipzig is quoted at €7,463/t and the Chicago prices are around €4,776/t for the Apr. 25 date.
The average auction result (index) remains above the 10-year average.
