Again the market is split in sentiment as well as in direction. Sweet whey is posting unchanged prices on the Dutch market, but there is evidence of wholesale discounting going on under the counter, as processors climb over each other, to catch whatever spot and forward business they can. Skim milk, on the other hand, is still in undersupply and actually posted prices €10 higher this week over last.

Sterling is still surprisingly weak, given that profits have been taken, and with the UK bucking the European trend by reopening the economy, it seems to be contra-trading that’s holding the Pound back.

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