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.
Setelah 32 peristiwa cuaca bullish sebelumnya, Susu (Class III) bergerak median +0,1% selama 5 sesi (50% lebih tinggi; separuh tengah -0,7% sampai +3,4%), dan +3,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Reduced milk deliveries in Oceania, drought in Europe and slowing US output growth tighten global supply, supporting prices.