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The GDT auction rose 0.9%, extending a run of gains since December 2018. Milk deliveries fell sharply in Australia and New Zealand, Europe was held back by drought, and US output growth slowed.
The MMP price rose 2.8% after a 10% pre-auction increase.
Broad supply declines across major exporters are tightening the global dairy balance and supporting prices. Seasonal northern hemisphere peak milk in May and June may add temporary pressure.
zmp.de20 feb 2019Tras 32 eventos alcista de clima pasados, Leche (Clase III) se movió una mediana de +0,1 % en 5 sesiones (50% al alza; mitad central entre -0,7 % y +3,4 %), y +3,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Reduced milk deliveries in Oceania, drought in Europe and slowing US output growth tighten global supply, supporting prices.
