1st GDT auction in June 2025: Prices -1.6%
The first June 2025 auction of Global Dairy Trade (GDT) continued the price decline of the previous auction with an average of -1.6%. With the exception of clarified butter, the average results fell for the most part. The high price level achieved is difficult to maintain in the summer season. Auction volumes will remain at a low level for the time being due to seasonal factors.
Whole milk powder (VMP) (around 50% of the auction share) suffered further losses of -3.7%. The main buyer, China, has held back with sufficient stocks. Nevertheless, the price level remains high. The VMP price fell to 3,654 €/t.
After previous price increases,skimmed milk powder (SMP) (approx. 25% share) saw prices fall again for the second time in a row, dropping by -1.1%. At the equivalent of € 2,458/t, absolute SMP prices remain in the good mid-range of previous months. The Chicago prices are at €2,436/t and the EEX prices in Leipzig are at €2,410/t.
Prices for pure butterfat (approx. 10% share)have risen again on average by +1.4%. Premiums were achieved in all delivery months. The month of Sept.-25 was adjusted back to the previous level at +3.4%. The relations to the high normal butter price are restored.
Normal butter (approx. 8 % share) was able to maintain the high price level again with an average of 0.0 %. At €6,840/t, the level remains above average. EEX Leipzig is quoted at €7,500/t and Chicago prices are around €4,825/t for the June 25 date due to the dollar exchange rate.
The average auction result (index) is well above the 10-year average.
