2nd GDT auction prices in Feb. 2025: -0.6
The second Global Dairy Trade (GDT) Feb. 2025 auction interrupted the upward trend of the pre-auction for the coming delivery months of 2025 with an average of -0.6%. With the exception of normal butter, the other major dairy products all fell. Auction volumes continue to decline due to seasonal factors.
Whole milk powder (WMP) (approx. 50% auction share) halted its previous upward trend at -0.2%. This was mainly due to the sharp price reductions for the delivery month of March-25, whereas the other months largely held their own. In view of the uncertain global market situation, a certain degree of restraint was exercised for the later dates. The VMP price level fell to 3,965 €/t.
Skimmed milk powder (SMP) (approx. 25% share) experienced a significant downward correction of -2.5% this time following the upward trend of the previous auction. The price reductions affect all delivery dates. However, at the equivalent of €2,630/t, absolute SMP prices remain in the average range of previous years. The Chicago prices are at €2,826/t and the EEX prices in Leipzig are at €2,513/t.
Pure butterfat prices (approx. 10% share)fell again by -0.8% on average after the brief recovery in the pre-auction. With the exception of Jul-25, all other delivery dates showed similar downward trends.
After strong ups and downs in the previous auctions,normal butter (approx. 8% share) continued its positive trend with a current +2.2%. Prices remain in the high price range. Prices are rising again to 7,045 €/t. EEX Leipzig is quoted at 7,273 €/t and the Chicago prices are around 5,246 €/t for the Feb. 25 date.
The average auction result (index) continues to rise above the 10-year average.
