A short paragraph on skim milk powder is that it is €50 higher, the only possible fundamental reason being a 0.3% decrease in production, but why the 2.13% increase in skim price? Traders milking it, that's why. Every week, Lacto Production feel it has peaked, so it's Groundhog Week yet again.
At least whey has flatlined on price, as supplies are plentiful and it is only traders trying to hike the market in the wake of SMP.
Currency traders have identified Nigel Farage as the problem, with the pound bouncing two cents on his U turn. Unusual to have a rising pound during an election campaign as it is, there's probably many a twist and turn to come before 12th December.
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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