GDT auction again in the plus - whole milk powder with + 7.5%
The recent auction of April the global dairy trade event deliver on average of all products and delivery months an increase of rates by 3.8%. The quantity sold was again lower than at the previous auction 14 days with 21.206 t.
The result is influenced by the increase in milk powder prices by 7.5%. Whole milk powder denies about 50% of the entire auction bid. The front months brought up including June still price increases from 5.2 to 6.6%. In the back delivery dates Oct 2016 including increases were reached about 8% to 10%.
Skimmed-milk powder could be - as already in the previous auction - just in the claim by 0.3%. June and July showed weakness the months while the Sept 16 and Oct. 13 results look quite can have with + 4.2 and + 3.1%.
An average score of + 1.6% came out in the butterfat. The clamping width ranging % + 7.6% in the month of May 12.7 in the month of Oct. 16. A clear line is hard to make out this product.
Normal butter increased in all delivery months + 2% on average. While the result for the month of June with + 6.1 has decisively contributed %. The other months were all less than 1%.
In a longer-term comparison, the courses on the bottom line have deposed slightly upward.
A further drop in milk production will occur in the coming months in Oceania seasonally. The increases in the northern hemisphere are however. Despite falling milk prices, the milk delivery is further enhanced in major producing regions of the EU.
