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10 May 2024: Devastation in Rio Grande do Sul




Milk powders are totally unchanged in a very quiet week for Europe, with May Day, Liberation and Ascension engendering holiday ‘bridge’ days, as they are known.

 

Aside from the human tragedy that has been visited on Rio Grand do Sul in southern Brazil by extreme flooding, the news that 34% of the unharvested soy crop in the state is under water has rocketed soya bean and meal prices on CME, peaking two days ago at 100 cents and $30 respectively. Prices have fallen back somewhat, but soy oil showed little reaction, and palm oil only showed a minor spike.

 

So as far as milk powders are concerned, markets remain quiet heading into summer proper, much the same as last year.


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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