8 October 2020: Unchanged

The market’s as flat as the Nullabor Plain, but to continue last week’s vibe, a parting of the ways between whey and skim looks possible.

All sorts of off grade wheys are being wheeled out into the market by processors, which usually presages a fall in prices, as a cupboard clearing exercise. This is usually the kit that they hold on to in a rising market, to minimise the loss of messing up the production process. So there’s lots of whey about and not much interest from exporters.

Skim milk, on the other hand, is still hot property for export, and despite the unchanged market this week, producers are holding stock back for higher prices, and traders are happy to go long.

Sterling is rangebound between €1.09 and €1.11 and $1.28 and $1.30, and only a breakthrough with the EU is going to change that in an upward direction.

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

There are definitely two camps at the moment, the producers/traders and the consumers. Here's what the producers reckon: 1. China ending lockdown in June will explode import demand for sweet whey and

It was a good job that it was a soft commodity that hit Sir Isaac Newton on the head, otherwise we may never have learnt this truism. And gravity certainly has acted on milk powder markets over the pa

Arguably, whey powder has already gone over the edge, as it is down €40 on last week, and nigh on 8% lower from the end March highs. Offers from traders vary by as much as €240 over the week, so panic