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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:

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"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 ..." Greg Dunn

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    • Aug 12, 2021
    • 1 min read

12 August 2021: The worm has turned

The worm has turned, or at least come back from its summer holidays. Buying interest is suddenly hot, and offers of sweet whey are anything from €10 to €40 higher already. And this is all domestic European interest, as China is still out of the game, but will probably dive back in soon.


Skim is also showing signs of hotting up, as milk supply still remains below par and there are no stocks of skim powder to speak of. Production is contracted through to October, so no pressure on market at all.


Palm oil and particularly coconut oil are still silly money, and the only thing coming to the rescue is a suspiciously strong Pound, which could easily reverse.




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

    • Aug 5, 2021
    • 1 min read

5 August 2021: Boring

There isn’t much to say, so I won’t say it.


In short, it’s the holidays, no one apart from thee and me is at work, sweet whey has stopped going down and skim milk has actually risen €20.


But, beware the mass return to work by the end of the month, as there will likely be more buyers than sellers = the only way is 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

    • Jul 29, 2021
    • 1 min read

29 July 2021: Vacuum

The current milk powder market is in a vacuum, where no purchases or sales have happened, and prices are where traders think they might be. The Chinese market for sweet whey powder is silent, even Algeria too, where exports are usually quite brisk.


On the face of it, the Dutch market has dropped €20, or 2% in the last week, and skim milk fell by a surprising €30 (1.25%), and although the soya complex has remained relatively rangebound recently, the other components of CMRs (coconut oil, hydrolysed gluten and dextrose) remain extremely difficult to source and eye-wateringly expensive.


So where do we go from here? Some traders reckon we’ll see a few more bob out of both markets, but the return from summer holidays usually turns the autumn market significantly north, so buying forward on a gently decreasing market generally averages out better than chasing a sharply rising market.


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

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