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June Fonterra Global Dairy Trade Auction Results PDF Print E-mail
Written by Administrator   
Tuesday, 01 June 2010 10:53
Trading Event 24 was held on Tuesday 1 June 2010
 
 

Summary of Results

Number of Qualified Bidders 275
Number of Participating Bidders 116
Number of Winning Bidders 79
Number of bidding rounds 14
Duration of trading event (hours:mins) 2:49
Average winning price (USD/MT, FAS) $3,880
Change in gDT-TWI™ price from previous Event -3.5%

 

Price Changes from Previous Event

Changes in price indices Contract 1
(Aug 10)		 Contract 2
(Sep10-Nov10)		 Contract 3
(Dec10-Feb11)		 All Contracts
Anhydrous Milk Fat (AMF) 11.2% 2.5% 8.9% 5.9%
Skim Milk Powder (SMP) -2.8% -14.5% 0.1% -6.2%
Whole Milk Powder (WMP) -0.9% -2.6% -7.0% -3.4%
All products (trade-weighted) -0.4% -6.6% -3.1% -3.5%
 
 

GDT Trade Weighted Index

 
 
 
 


For detailed information on specific products click the following links:

  AMF / SMP / WMP

 
 
 
 

Historical Data


Historical data for previous Trading Events are available here.

 

 

Explanatory Notes

All information published on this page may be reproduced provided the user acknowledges globalDairyTrade as the source.

Number of participating bidders is the number of bidders who entered a bid in the first round of the trading event.

Average winning price is the volume-weighted average of winning quantities at trading event.

The product-specific price indices (refer ‘Price changes from Previous Event’ table) are chain-linked Fisher indices using winning quantities at trading event.

gDT-TWI™ and All Products TWI are chain-linked, trade-weighted Fisher indices using total international trade flows. The indices use globalDairyTrade prices where available and USDA Dairy Market News prices elsewhere. USDA Western Europe average price for Butter Oil is used for AMF prior to December 2009, USDA Oceania average price for SMP is used prior to April 2010, and USDA Oceania average price for WMP is used prior to August 2008.

Real gDT-TWI™ is the gDT-TWI deflated by the U.S. Consumer Price Index – All Urban Consumers, USDL Bureau of Labor Statistics.

“n.a.” means no product was offered or otherwise ‘not applicable’.

NZ: New Zealand AU: Australia