Although the milk markets continue their independent upward trajectory, a big bounce in the soya complex hasn’t helped defuse the situation.
Sweet whey rises another €20, and skim milk €30, 1.7% and 1% respectively. Skim milk is at least available, having switched positions with whey, which becomes increasingly difficult to find.
News from around the world is that finally liquid milk prices have followed the rises in source raw materials, up to 42 cents in Holland and 46 cents in Poland and Eastern France. That won’t do anything to ease the derivatives market but at least gives more stability to the dairy model on farm. Another stark statistic is that pig feed production in China increased by 47% this year, albeit from a low base line because of ASF decimating the domestic pig herd, so Chinese whey purchases have definitely underpinned this hike.
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 firstname.lastname@example.org