6 January 2022: No end in sight

So much for the New Year slide, demand remains reluctantly buoyant and the supply side is happily poking the market ever skywards.

Skim is €60 up from pre-Christmas levels, and now a staggering €400 higher from the beginning of November. Sweet whey is €30 and €200 higher commensurately, tracking skim milk at exactly 50% of value, so the markets have risen in tandem.

The background markets aren’t any prettier, with the soya complex higher over the fortnight on all three legs, with meal putting on a staggering $100 since the beginning of December. The only saving grace for this if you are buying in sterling is the buoyant pound, thanks to UK anti-lockdown sentiment.

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

The old adage may be that those who can, trade, and those who can’t, write books about trading, but the current situation differs from the facile scenarios above, as demand is plummeting while supply

Perhaps you should sit down to receive this, and I still can’t quite believe I’m writing it, but sweet whey plunged just shy of 10% in one short week, and skim followed, sort of, by losing 2.5%. Whey

Last week’s prediction became this week’s fact; sweet whey has turned north again, following its dearer sister skim milk into higher price territory, whilst the rest of the oils and proteins basket ha