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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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    • Nov 5, 2020
    • 1 min read

5 November 2020: Milk Monotony

Another week unchanged on whey, but a €20 fall in skim milk prices. Given the monumental rise in vegetable proteins since September, it is unusual for dairy proteins not to have followed suit, but liquid milk seems now to be going into oversupply, and thus the price of skim drifting.

Sterling has been buoyed by the Chancellor’s extension of the furlough scheme until the end of March, up over a cent against the dollar and half a cent on the euro.


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

    • Oct 29, 2020
    • 1 min read

29 October 2020: Dutch auction, anyone?

The interesting thing about an otherwise boring Dutch market is that it usually represents a basis that satellite markets price above, certainly in the case of skim milk powder, but currently it seems the dearest. Netherlands prices for feed grade whey and skim are posted as unchanged for six straight weeks, but certainly in France whey is offered cheaper, and even off-grade skim is now available, the bellwether of a falling market.

Cheese production is going gangbusters, so there’s no reason to see a hike in whey prices, and export activity is quieter than it has been. But that is a sideshow to the main event which has us all on the edge of our seats, and which we must make decisions on sooner than the politicians will likely make theirs, and that is whether to stock ahead of import tariffs. Nigh on £70 per tonne on whey and the business-breaking £793 on milk replacers forces decisions from UK milk powder consumers very soon……


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

    • Oct 22, 2020
    • 1 min read

22 October 2020: Flatlined

The Dutch market has flatlined for five straight weeks now on both whey and skim milk powders, but whey is starting to decline in France, as predicted. Why skim has remained unchanged is a mystery, as there are simply very few offers of spot material in the market. Perhaps one reason why skim isn’t going up is the possibility of an imminent collapse in demand from the UK if the £793.00 per tonne tariff is applied from January 1st in a no-deal outcome to Brexit.

Sterling is still rangebound, with no-deal mostly priced in, but with good upward potential if agreement is met.


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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