27 February 2020: Parachutes, anyone?

Market now in free fall, without a buyer in sight. Skim is down by an unusually large increment in a falling market, down €60 on feed and food grade, and whey by €30, whey falling nearly 4% to skim's 2.5%. The cause is the same as last week's official reason: the virus pandemic. But this old cynic believes it is buyer's revenge on the unbridled greed of the ex-intervention stock holders during the whole of 2019, and the middle market's delight in having short-sold the market. So, we are condemned to hand to mouth buying for the next period, until we see how things bottom out, and then, no doubt, the inexplicable bounce ...


Sterling has been unhinged by today's refusal of the third runway at Heathrow. It's odd how a leopard changes its spots. The former MP for Uxbridge famously threatened to lay down in front of the bulldozers to stop it, then suffered terrible amnesia and agreed the third runway was a thoroughly good idea, once he was Prime Minister ...


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

14 October 2021: Market's on fire!

However predictable a further price rise in skim milk powder was, a €70 or 2.5% hike in a week is pretty staggering. And that isn’t the whole story, as physical supply has dried up and the market pric

7 October 2021: Heat turned up even higher

The skim milk price is heading into space faster than Captain Kirk, up nearly 2% this week, or €50 per tonne, and it's now impossible to find under €2800, and then only a truck at a time. It's getting

30 September 2021: Market divergence?

The two pillars of the milk powder market seem to be moving apart. Sweet whey is showing a €10 decrease on the Dutch market, but still unchanged in France. The interesting factor is what is happening