Greg's Milk Monitor

This is a short one, due to little market intelligence. In short, sweet whey was posted down €10 this week, but no one seems to know where they got that price from, as there is zero change in the lack of offers in an ostensibly unchanged market. Skim milk is a healthy 1% lower (-€30) but is counteracted by yet more price increase and further tightening in supply of, you name it, fat filled whey (up €30-60), whey protein concentrate, and delactosed whey.

Wider markets are generally on the slide, soy oil in particular, down from 43 cents to 39 on concerns quite what will happen to US biodiesel subsidies on January 20th, amongst other things. Palm has finally taken a battering, as the below graph illustrates, as the move from B35 to B40 comes in January is trumped by falling exports. Not that this has dented refined palm oil prices, which again supports higher CMR price levels.

And with that I’ll sign off for the year, at least from reporting sparse market information, and wish you the very best for a joyful Christmas and a happy, prosperous and above all things, a healthy New Year.

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