There isn't much to say, so I won't say it. The market is broadly in equilibrium, just the way middlemen don't like it, with no fresh demand or supply news to indicate its next direction. French markets have whey down €10/15, matching the Dutch market move of last week, but skim milk remains unchanged.

Sterling is in an even worse muddle than last week, now struggling to stay above €1.10, now the picture is becoming clearer of how the major European economies are emerging from COVID-19.

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