Yeni Zelanda\u2019n\u0131n Global Dairy Trade (GDT) Fiyat Endeksi %0,6 y\u00fckseldi. \u00d6nceki art\u0131\u015f %1,5\u2019ti.<\/p>\n
Son veri, art\u0131\u015f h\u0131z\u0131n\u0131n \u00f6nceki sonuca g\u00f6re yava\u015flad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. G\u00fcncellemede ba\u015fka ayr\u0131nt\u0131 payla\u015f\u0131lmad\u0131.<\/p>\n
Son GDT (k\u00fcresel s\u00fct \u00fcr\u00fcnleri elektronik ihale platformu) ihalesi, fiyatlardaki y\u00fckseli\u015f ivmesinin (art\u0131\u015f\u0131n h\u0131z\u0131n\u0131n) belirgin \u015fekilde zay\u0131flad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. %0,6\u2019l\u0131k art\u0131\u015f, bir \u00f6nceki ihaledeki %1,5\u2019e k\u0131yasla net bir yava\u015flama. Bu da son y\u00fckseli\u015fin g\u00fcc\u00fcn\u00fc kaybetti\u011fine i\u015faret ediyor. Bu nedenle uzun pozisyonlar\u0131 (fiyat art\u0131\u015f\u0131na oynayan i\u015flemleri) azaltmak ve fiyatlar\u0131n yatay ya da d\u00fc\u015f\u00fc\u015fe d\u00f6nmesinden kazan\u00e7 sa\u011flayan stratejileri de\u011ferlendirmek mant\u0131kl\u0131.<\/p>\n
Talep taraf\u0131nda, \u00f6zellikle \u00c7in\u2019den gelen sinyaller temkinli duru\u015fu destekliyor. \u00c7in\u2019in ithalat\u0131 2025 sonuna kadar g\u00fc\u00e7l\u00fc seyretse de, Nisan 2026 verileri tam ya\u011fl\u0131 s\u00fct tozu al\u0131mlar\u0131nda ayl\u0131k bazda %3 d\u00fc\u015f\u00fc\u015fe i\u015faret etti. D\u00fcnyan\u0131n en b\u00fcy\u00fck al\u0131c\u0131s\u0131ndan gelen bu yumu\u015fama, mevcut fiyat seviyelerinde sat\u0131\u015f bask\u0131s\u0131n\u0131n artt\u0131\u011f\u0131n\u0131 g\u00f6steren \u00f6nemli bir i\u015faret.<\/p>\n
Arz taraf\u0131nda ise Yeni Zelanda\u2019da ko\u015fullar olumlu ve s\u00fct \u00fcretimi g\u00fc\u00e7l\u00fc. Fonterra\u2019n\u0131n (\u00fclkenin b\u00fcy\u00fck s\u00fct kooperatifi) ge\u00e7en ay yay\u0131mlad\u0131\u011f\u0131 s\u00fct toplama verileri, hacimlerin ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %1,2 daha y\u00fcksek oldu\u011funu g\u00f6sterdi. G\u00fc\u00e7l\u00fc arz ve b\u00fcy\u00fck al\u0131c\u0131 taraf\u0131nda zay\u0131flayan talep bir araya gelince, k\u0131sa vadede fiyatlar i\u00e7in a\u015fa\u011f\u0131 y\u00f6nl\u00fc bir g\u00f6r\u00fcn\u00fcm olu\u015fuyor.<\/p>\n
2023\u2019\u00fcn sonlar\u0131nda ya\u015fanan sert fiyat d\u00fczeltmesinden (h\u0131zl\u0131 ve g\u00fc\u00e7l\u00fc geri \u00e7ekilme) \u00f6nce de benzer \u015fekilde ihalelerde art\u0131\u015flar\u0131n yava\u015flad\u0131\u011f\u0131n\u0131 g\u00f6rm\u00fc\u015ft\u00fck. O d\u00f6nemde de y\u00fcksek \u00fcretim, \u00c7in al\u0131mlar\u0131nda zay\u0131flama i\u015faretleriyle birle\u015fmi\u015f ve fiyatlar h\u0131zl\u0131 d\u00fc\u015fm\u00fc\u015ft\u00fc. Mevcut tablo bu d\u00f6neme benzemeye ba\u015fl\u0131yor.<\/p>\n
Bu g\u00f6r\u00fcn\u00fcm alt\u0131nda, Eyl\u00fcl ve Aral\u0131k vadeli NZX S\u00fct Fiyat\u0131 vadeli i\u015flemlerinde (belirli bir tarihte belirli fiyattan al\u0131m-sat\u0131m anla\u015fmas\u0131) sat\u0131m opsiyonu (put; fiyat d\u00fc\u015ferse de\u011fer kazanan hak) almak, olas\u0131 d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 riski s\u0131n\u0131rl\u0131 bir korunma sa\u011flar. Gelir hedefleyenler i\u00e7in, kullan\u0131m fiyat\u0131 mevcut fiyat\u0131n \u00fczerinde olan al\u0131m opsiyonu spread\u2019i satmak (call spread; iki farkl\u0131 kullan\u0131m fiyat\u0131nda opsiyonla s\u0131n\u0131rl\u0131 riskli pozisyon) fiyatlar\u0131n bir tavan olu\u015fturdu\u011fu g\u00f6r\u00fc\u015f\u00fcnden yararlanmak i\u00e7in uygulanabilir. Bu yap\u0131, fiyatlar yatay kal\u0131rsa veya d\u00fc\u015ferse kazan\u00e7 sa\u011flayabilir.<\/p>\n
S\u00fct piyasas\u0131ndaki bu zay\u0131fl\u0131k, Yeni Zelanda dolar\u0131 i\u00e7in de olumsuz bir etki yaratabilir. Tarihsel olarak NZD (Yeni Zelanda dolar\u0131) ile GDT fiyatlar\u0131 aras\u0131nda yakla\u015f\u0131k 0,65 d\u00fczeyinde pozitif korelasyon (iki de\u011fi\u015fkenin birlikte hareket etme derecesi) bulunuyor. Bu g\u00f6r\u00fc\u015f, NZD\/USD sat\u0131m opsiyonu alarak veya vadeli i\u015flemlerde k\u00fc\u00e7\u00fck k\u0131sa pozisyon (d\u00fc\u015f\u00fc\u015f beklentisiyle sat\u0131\u015f) a\u00e7arak, di\u011fer pozisyonlar\u0131 dengelemek (hedge; zarar\u0131 s\u0131n\u0131rlamak i\u00e7in kar\u015f\u0131 i\u015flem) amac\u0131yla de\u011ferlendirilebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
GDT Fiyat Endeksi %0,6 y\u00fckseldi; \u00f6nceki %1,5\u2019lik art\u0131\u015fa g\u00f6re ivme sert yava\u015flad\u0131. \u00c7in talebinde yumu\u015fama, NZ arz\u0131nda g\u00fc\u00e7lenme bask\u0131 yarat\u0131yor; d\u00fc\u015f\u00fc\u015f stratejileri ve NZD\u2019de hedge g\u00fcndemde.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-47017","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=47017"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47017\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=47017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=47017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=47017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}