Welcome to silly season, August in post-COVID France, a market devoid of both buyers and sellers, and prices are down on the evidence of a handful of trucks of milk powder sold under a non existent market!

OK, so everyone’s on holiday or doing their filing, but the published numbers show whey down €20 on the week, and skim milk powder down €30 on feed grade and a whopping €50 on edible grade. There is also a turf war going on in several European countries, so the UK is not alone in having cheap job lots of milk powder distorting the volume market, apparently Spain and Romania are also similarly effected. I remain convinced the market will bounce, possibly before the end of this month, if for no other fundamental reason than liquid milk supply is in deficit, so when the job lots of off grade material have disappeared, 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