1st GDT auction prices in Feb. 2025: +3.7 %
The first Global Dairy Trade (GDT) auction in Feb. 2025 reinforced the upward trend of the pre-auction for the coming delivery months of 2025 with an average of +3.7 %. All major product groups have increased. Auction volumes continue to fall due to seasonal factors.
Whole milk powder (VMP) (approx. 50% auction share) continued its upward trend with a clear accent at +4.1%. Strong price increases took place in the front delivery months of 2025. There is obviously pent-up demand against the backdrop of falling supply volumes. The VMP price level is € 4,058/t.
Skimmed milk powder (SMP) (approx. 25% share) continued the upward trend of the previous auction with an increase of +4.7%. In this case, the last delivery dates of June/July 025 have risen sharply. At the equivalent of 2,759 €/t, absolute SMP prices remain in the mid-range of previous years. Chicago prices are at 2,890 €/t and the EEX prices in Leipzig are at 2,545 €/t.
Pure butterfat prices (approx. 10% share)have recovered from the sharp setbacks of the previous auctions with an average increase of 2.4%. The forward delivery dates have improved significantly.
Normal butter (approx. 8% share) continued its positive trend with a current +3.4% after strong ups and downs in the previous auctions. The result remains in the high price range. Prices are rising again to 7,029 €/t. EEX Leipzig is quoted at 7,272 €/t and the Chicago prices are around 6,748 €/t for the Jan. 25 date.
The average auction result (index) continues to rise above the 10-year average.
