Milk market in Germany: Prices at the GDT are falling

Published Jul 7, 2024

Tridge summary

The article reports a rise in the prices for contract-bound butter packets, with an increase of 5 to 6.25 euros/kg for the lower range and 6.25 to 6.75 euros/kg for the higher range. Despite this, the global market has seen a significant drop in butter prices, with a 11.2% decrease to 6,092 euros/t at the latest auction on the Global Dairy Trade platform. Similarly, whole milk powder quotations have also seen a slight increase in prices, but a decrease of 5.5% to 2,995 euros/t at the GDT auction. Finally, skimmed milk powder quotations have also fallen both locally and globally, with contract prices ranging from 2.32 to 2.52 euros/kg for food grade and 2.19 to 2.23 euros/kg for feed grade, and a 6.8% decrease to 2,407 euros/t at the GDT auction.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Prices for contract-bound butter packets rose even further from their already high level. At both ends of the range, prices rose by 5 cents to 6.25 to 6.75 euros/kg. On the world market, however, prices fell significantly. At the auction on Tuesday (July 2) on the international trading platform Global Dairy Trade (GDT), the average butter price for all delivery contracts fell to the equivalent of 6,092 euros/t, which is 11.2% less than two weeks previously. The whole milk powder quotation was only raised by 2 cents at the lower end of the range, and is now 3.85 to 3.91 euros/kg. On the GDT, however, the price fell to 2,995 euros/t, which is 5.5% less than at the auction on June 18. The quotation for skimmed milk powder has recently fallen. Both food and feed grades are ...

Source: Proplanta