top of page

25 April 2019


Good morning, not much to say, other than skim milk continues its upward march, up another €30 over the week, making the rise a full €100 during April. This is no doubt the result of buyers not buying anything apart from spot requirements, and sellers quite happy to supply that demand, dribbling out small quantities at ever higher prices. It’s also worth remembering that SMP prices were just shy of €2k at the beginning of 2017, and we’re still €200k to leeward of that, so these levels are by no means unprecedented in recent terms.


The continued rise in skim could be a stronger influence on whey prices rising than the collapse in demand from Asia due to African swine fever, but ample supplies of cheaper whey permeate are keeping whey unchanged, this week, at least.


The pound has slid a cent or so on all fronts, with financial confidence slipping as the Tories, the former ‘business’ party, return to jockeying for leadership ambitions, enraged that their outgoing leader continues to engage with the opposition in putting the country’s interests before those of the party. Quote of the week must go to Nigel Farage - “It’s no more Mr Nice Guy!”

 

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

16 views

Recent Posts

See All

Another week of gently lifting powder markets, whey up 2.5% at €820 and skim only €10 higher. Talk amongst the milk powder community in this week’s VIV MEA in Abu Dhabi reckons the Dutch and Eastern E

Well, that collapse didn’t last long, one week to be precise. Whey is unchanged at €800, and SMP a paltry €10 lower. No reliable intelligence as to why, no withdrawal of offers or signal of dwindling

I feel a bit like Robin from ‘Ghosts’, trying to work out where things are going at the moment. After the arch-manipulation by the Dutch whey market, it has suddenly halted and looked behind to see if

bottom of page