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9 February 2024: Where are the traders?



Presumably off on their skiing holidays, while the markets drift lower too slowly for them, sweet whey down €10 and skim down €20. Seriously though, the slow decline in  prices has seen reluctant processors putting larger parcels on the market, so there seems to be acceptance that buyer apathy is winning. 

 

The mood at Dairy Tech on Wednesday seemed more optimistic, as milk prices seem to have turned through the bottom and are rising above the mid 30p range, whilst inputs are easing slightly, so hopefully the spring calving increase in supply won’t scupper that, in a market that seems genuinely short of liquid milk. 

 

No strong signals from background markets, as soyabeans hit a low last seen in November 2021, with meal being the weaker leg and soy oil rising about 4% over the week, mirrored in palm oil markets. 


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



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