16 July 2020: More sellers than buyers

It’s a largely unchanged picture to report this week, with only feed grade skim milk in the Netherlands posting a suspicious €20 hike.

Looking back over recent months, the only seismic change to fundamentals has been the acceptance of whey derivatives for edible use in China, and this has affected the pricing structure of feed grade whey. The supply v demand balance is tilted to the upside as the overall supply of whey and derivatives for feed is reduced. However, looking at the immediate supply situation, there is no lack of sellers, which discourages buyers and the market could easily take a step-change downwards.

Sterling continues to suffer the predictable blows of dire economic data overlaid with the questionable wisdom of continuing to Get Brexit Done, now the Treasury has been replaced with ‘Cummings’ Misfits’.


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

1 view

Recent Posts

See All

The old adage may be that those who can, trade, and those who can’t, write books about trading, but the current situation differs from the facile scenarios above, as demand is plummeting while supply

Perhaps you should sit down to receive this, and I still can’t quite believe I’m writing it, but sweet whey plunged just shy of 10% in one short week, and skim followed, sort of, by losing 2.5%. Whey

Last week’s prediction became this week’s fact; sweet whey has turned north again, following its dearer sister skim milk into higher price territory, whilst the rest of the oils and proteins basket ha