The Dutch market has flatlined for five straight weeks now on both whey and skim milk powders, but whey is starting to decline in France, as predicted. Why skim has remained unchanged is a mystery, as there are simply very few offers of spot material in the market. Perhaps one reason why skim isn’t going up is the possibility of an imminent collapse in demand from the UK if the £793.00 per tonne tariff is applied from January 1st in a no-deal outcome to Brexit.

Sterling is still rangebound, with no-deal mostly priced in, but with good upward potential if agreement is met.

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