16 July 2021: Porkies

It seems our friends the cheese processors were telling porkies about how much sweet whey they didn’t have, as they ran the market up in the spring. They’re now chucking any amount at the market, way (sorry) in excess of current cheese production, which is still in semi-lockdown mode and summer is never peak production anyway. The Dutch market posts another €30 drop this week, and other markets are following suit. However, skim milk powder posted a third week at unchanged levels, and that market is much more in balance in terms of limited supply and muted demand.


On the face of it, the market should continue in free fall, as buyers are scarce and especially traders are desperate to physically move long (and probably wrong) books, and as sorry as we feel for them, we must recognise that the soya complex is still riding high, especially for soya oil, pegging palm and coconut up with it.


I was hearing yesterday that the record temperatures in Canada have not only ravaged the canola crop, but also linseed, so the hoped-for new-crop pressure looks scuppered for the northern hemisphere for oilseeds, at least. With this firm protein market backdrop, whey looks unlikely to continue its lonely downward trajectory too much longer.


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

13 January 2022: A World Gone Mad

The answer to H G Wells’s conundrum is probably both. The milk powder markets have outdone even their own recent performance with a spectacular leap higher this week; sweet whey up 4% (+€50) and skim

6 January 2022: No end in sight

So much for the New Year slide, demand remains reluctantly buoyant and the supply side is happily poking the market ever skywards. Skim is €60 up from pre-Christmas levels, and now a staggering €400 h

24 December 2021: No Christmas Truce

Although the milk markets continue their independent upward trajectory, a big bounce in the soya complex hasn’t helped defuse the situation. Sweet whey rises another €20, and skim milk €30, 1.7% and 1