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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.de2019年2月20日在过去 32 次看涨的天气事件之后，牛奶(III类) 在 5 个交易日内中位数变动 +0.1%（50% 上涨；中间一半区间为 -0.7% 至 +3.4%），20 个交易日内为 +3.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Reduced milk deliveries in Oceania, drought in Europe and slowing US output growth tighten global supply, supporting prices.
