Welcome to the BDC agri blog. Here you will find reports from some of the events we attend, as well as Greg's popular weekly view of the UK milk and whey powders market:

 

"Many years ago, I got my first job in the dairy industry, as class milk monitor at Tollesbury Primary School.
I thought it was a job for life, but sadly Margaret Thatcher famously ‘snatched’ free school milk,
and the nation’s health has suffered since. Fifty-four years later, I am still musing on the dairy industry,
with an irreverent view of politics and currency ..." G
reg Dunn

The milk powder markets are taking a breather this week, Dutch whey prices are unchanged and skim milk powder has notionally decreased €10, but there is absolutely no evidence of that in the French markets.


A couple of salient points are that feed grades have disappeared from the market and that downgrade products (not meeting edible spec, protein, colour, burnt specks, etc) have entirely vanished, with only the cobweb-covered disasters from yesteryear being offered in hope of finally being offloaded. Another factor that has emerged is domestically produced UK whey powder has been sold significantly below the continental market, possibly due to export problems related to Brexit.


The message from Lacto Production is that a decrease is unlikely, but that the market may remain ’strong and stable’ for some time yet.


BDC agri is the UK broker for Lacto Production milk and whey powder products.

For further information and prices, contact Greg Dunn on 01206 381521 or g.dunn@blackdiamondcommodities.com

Seemingly so for milk powders again this week, as we see whey rise €10-20 and skim milk €30-40.


No real news to get stuck into, just that ease of supply has switched round and now it is harder to source skim and sweet whey has become slightly easier, if one pays up.


BDC agri is the UK broker for Lacto Production milk and whey powder products.

For further information and prices, contact Greg Dunn on 01206 381521 or g.dunn@blackdiamondcommodities.com

The Dutch markets for both sweet whey and skim milk remain unchanged this week, as do my comments of last week, namely that whey should be sliding whilst there is little reason for skim to do so.


Liquid milk supply is poor across Europe, with the exception of Eire, thus the poor supply of skim milk, and even sweet whey, given Europe’s demand for catering mozzarella is still extremely downsized. Buying demand from SE Asia is still strong, and supply isn’t currently coming from the USA, so Europe is being plundered both domestically and from export interest.


The Pound is lacking strength, somewhat surprisingly given favourable recent unemployment figures and non-essential shops reopening, but the emerging stories of Boris’s pedigree chumocracy may be subduing bullish sentiment.


BDC agri is the UK broker for Lacto Production milk and whey powder products.

For further information and prices, contact Greg Dunn on 01206 381521 or g.dunn@blackdiamondcommodities.com