top of page

29 May 2019: Skim has stopped going up!


Good morning, finally, the words you have been waiting seven months to hear - skim has stopped going up. At least in the French market, as I note it was up €10 for feed grade in the Netherlands, and a whopping €30 on food grade. However, the fundamental change is that in the last week, everyone and their auntie is now offering skim, so it is freely available, the opposite situation of the intervention sting, that saw just a few loads offered weekly to an incredulous market.


This situation has given the green light to whey to follow its own fundamentals and answer the huge hole left in its balance sheet, caused by exports to Asia biting the dust. Prices down between €10 and €20 across Europe this week.


Sterling might as well be suffering from African Swine Fever, as it remains in its sick bed, watching the Dirty Dozen scrambling unedifyingly to sit atop the Tory dungheap, with a feeling of déjà vu that we’ll see October 31st become the new March 29th, new leader, same old problem….

 

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

1 view

Recent Posts

See All

4 July 2024: Traders, eh?

On the face of it, both skim and whey are unchanged, well, skim is down €10, so nothing, but there are rumblings of change. 

27 June 2024: Action replay

No big news this week, sweet whey unchanged but skim milk up €20. What is striking is the overlay of 2024 prices largely blanking out last year’s for both products Nothing fundamental has changed, sel

20 June 2024: Double vision?

I’ll admit diplopia is a new word to me, but the double vision I refer to is the fact there are two markets for sweet whey, the actual and the reported. Dutch markets are posted as unchanged at €650 f

Comments


bottom of page