GDT auction by the 19 may 2015: reset prices again moderately
The recent auction of global dairy trade auction of the New Zealand dairy company FONTERRA on 19 may 2015 again has a demotion of the average prices for dairy products in a magnitude of - 2.2% led. However, there were also special factors with individual outliers at work, which have distorted the result a little too much down.
The offer amounts are slightly less failed than at the last auction. The number of providers is limited to 2 companies, including Arla with skimmed-milk powder.
The mainstay of whole milk powder auction with a two thirds share reached with 0.5% is still one of the best values. For all delivery months remained the supplements above the limit of-1%. In the last two months, Oct. 15 and Nov. 15, the price level was at least held or increased a little. It brings back the hope that a significant price recovery is expected for autumn.
However, skimmed-milk powder with a surcharge of 3.6 section % average of all delivery dates significantly weaker. The clamping width ranging June % + 1.4% for the month of delivery 18.4 in the Oct. 15. With a market share of one quarter, the surcharges for skimmed-milk powder contribute significantly to the low average score. But have global production amounts of MMP in almost all major production areas clearly grown.
Butter fats had to make significant concessions. Butterfat fell in the average of the delivery months to 4.8% and normal butter to - 3.2%. Relative prices but relatively little below average when compared to the milk powder prices with much larger intervals are at 5-years average down.
In total have the courses not yet recovered its cyclical and seasonal low. The culmination of the milk delivery in the northern hemisphere is still so quickly not otherwise going to be? The decrease in oceanic countries is now only very low, resulting in hardly noticeable regulates compensation. It is simply a buyer's market.
