1st GDT auction prices in Apr. 2025: +1.1 %
The first Global Dairy Trade (GDT) auction in Apr. 2025 closed with an average increase of +1.1%. The individual monthly results varied greatly in some cases. Skimmed milk powder made significant gains. Pure butterfat also achieved considerable price increases, while normal butter was no longer able to maintain the high price level achieved to date. Auction volumes continue to fall due to seasonal factors
At -0.1%,whole milk powder (VMP) (approx. 50% auction share) largely halted the downward trend of the previous auctions. China's reluctance to buy as the largest buyer was clearly evident. The VMP price level fell to 3,756 €/t.
Skimmed milk powder (SMP) (approx. 25% share) rose strongly again this time by +5.9% after a small downward correction in the previous auction. The delivery months of June and July in particular saw high price increases. At the equivalent of 2,659 €/t, absolute SMP prices stood out from the average range of previous years. The Chicago quotes are at 2,393 €/t and the EEX prices in Leipzig are at 2,415 €/t.
Pure butterfat prices (approx. 10% share)have risen again by an average of +2.3%. There was pent-up demand compared to normal butter. Demand was particularly strong in the summer months.
At -1.2% on average,normal butter (approx. 8% share) was not quite able to maintain the peak price level achieved to date, but remains in the peak value range. Prices rose to €7,029/t, taking into account the higher € exchange rate. EEX Leipzig is quoted at €7,438/t and Chicago prices are around €4,776/t for the Apr. 25 date.
The average auction result (index) remains above the 10-year average.
