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