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 to whey permeate, as the price is down to €700, an unusual discount of €280, which is generally a €200 gap, so this may yet pressure sweet whey downwards.
Same old, same old for skim milk, though, I’m afraid, up the best part of 1% this week (+€20), and still like hen’s teeth. I can’t see the market breaking anytime soon, given the chronic undersupply of liquid milk when the market is traditionally awash. So stay buckled in for the ride until further notice.
BDC agri is the UK broker for Lacto Production milk and whey powder products.
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