top of page

19 February 2020: Whey and skim on the slide

Things are starting to slide, as profit-taking has brought the market down significantly on SMP and more modestly on whey. It is interesting that although we have seen €60 out of skim in the last week, and only €20 out of whey, because of the relative price difference between the two, whey has fallen more in percentage terms. Skim has now fallen €80 since the end of January and whey by €50, but this represents an even greater percentage gap, with whey falling over 7%, compared to skim’s 3%.


The principal reason given is coronavirus, but this seems facile given no interruption to European economic activity. A much more likely scenario is that it's payback time for the savage rises in skim prices after the intervention sting of autumn 2018.


Sterling is quite frankly amazing, holding above €1.20 and $1.30, given the chaos caused by the nerdy 12-year-old misfits that Cummings employed to take over the running of the Treasury, but I’m told it was the higher inflation figure that excited currency traders, with the attendant pressure to raise interest rates.


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

3 views

Recent Posts

See All

4 July 2024: Traders, eh?

On the face of it, both skim and whey are unchanged, well, skim is down €10, so nothing, but there are rumblings of change. 

27 June 2024: Action replay

No big news this week, sweet whey unchanged but skim milk up €20. What is striking is the overlay of 2024 prices largely blanking out last year’s for both products Nothing fundamental has changed, sel

20 June 2024: Double vision?

I’ll admit diplopia is a new word to me, but the double vision I refer to is the fact there are two markets for sweet whey, the actual and the reported. Dutch markets are posted as unchanged at €650 f

Comments


bottom of page