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18 August 2023: Groundhog Day




The market is still stuck in holiday season, there’s still a lot of stock about, and little is changing whilst brisk trade carries on. Whey is unchanged again this week, ample offers are meeting increasing demand with significant supplies still left over. Skim on the other hand has fallen €40, influenced by off-grades still driving the market. China has bought significant quantities, but from the US market which is still €100 cheaper that the EU.


Soya has had a level week, unchanged pretty much on the beans, down $20 on meal and up about 3% on oil. Crude oil has fallen back this week, back to $80 as the faltering Chinese economy outweighed production cutbacks.


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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