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18 April 2024: Strongly sideways




Just a short one this week as I’m on the road. Market basically unchanged, so no price change on last week.

 

Whey producers are adamant their price won’t break €620, so are standing firm everywhere except Italy, where the largest processor is discounting, but not by the haulage differential to deliver to Holland.

 

Likewise skim milk is at what producers insist is the bottom for them top stay at break even.

 

Against that, production is flat out on both markets, so it all has to go somewhere, and bunging it in store and taking the pain later looks to be where the market might be taking producers.

 

Soya oil is down another 5% or so, and palm oil more so, given oil has been held artificially high. 


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



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