Prescience isn't my strongest suit, but last week's caveat about demand kicking in has come true short order. Despite plentiful sweet whey availability from cheese production going full chat, and restaurants and canteens closed across Europe, extra demand has kicked in from both export and domestic markets, and whey and skim are both up €20 in Holland. The other reason is bullish overspill from raging soya, palm and coconut markets - to quote a trading aphorism I learnt four decades ago, when something shoots up in price, buy the market that hasn't. Putting off buying decisions in pre-Brexit Britain is unlikely to yield future savings, and the factory is already booked out until 20th December anyway.
The Pound has been buoyed by higher than expected inflation figures, and briefly ventured above €1.12 for an hour or so yesterday.
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 email@example.com