top of page

3 January 2019

Happy New Year.

Sweet whey ticked up €10 in the Netherlands, but remains unchanged in France, whilst traders struggle to get out of bed after the Christmas break. Cheese production remains buoyant, so supplies remain in balance with demand. Whilst skim milk continues to defy gravity, sweet whey is feeling little impetus to compete, so is likely to hold on to December’s modest gains until later in the month, possibly even later in the quarter.

Skim milk powder continues its upward march, almost pointing to a possible cartel, given the tonnage available and traders unwillingness to offer. The game can presumably go on a little while yet, but surely this makes the collapse all the more precipitous, when it comes? The old adage that the tops and bottoms of markets were made for fools isn’t much help in identifying those chart points, but as every buyer remains hand-to-mouth, spot demand is the only interest, and wave the traders are surfing just gets higher. All waves break, but how far is this one from the beach?

There have been notable problems with transport within and out of France in the last month, exacerbated by les gilets jaune, but hampered by strikes at some French ports and wild weather in the Channel and even though all three issues have receded, transport firms are still trying to play catch-up.


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


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