Summary of the Week 45 (dairy)
This is our summary of the week 45 on the European dairy market divided into 4 main categories.
Producers have a problem with the availability of milk and are not willing to offer SMP for Q1 2022. You can find a product with Q4 receipt from traders at prices ranging 3080-3140 EUR/MT EXW EU. Producers offer at 3100-3150 EUR/MT for Q4, but we see more movement near the bottom range.
FCMP is offered above 3750 EUR/MT EXW EU, many inquiries from outside the EU. It’s hard to find free quantities, many have to turn to some substitutes.
SWP stays around 1100 EUR/MT. There is a lot of commotion.
WPC80 is not weakening and the price on Q1 of the product offered by manufacturers is slowly approaching the level of 9450 EUR/MT EXW EU for WPC80 regular.
Dutch type cheeses stay firm much above 4.00 EUR/kg EXW. Producers complain about the high price of the raw material and a much worse “milk collection”.
Cagliata sold at 4200 EUR/MT is no longer a surprise.
Cheddar and Mozzarella are sought-after.
There is a shortage of sweet butter, fresh production, which is offered above 5.45 – 5.50 EUR/kg EXW DE/NL/PL. On the other hand, the availability of lactic butter is very good, the prices for frozen butter oscillate around 5.10 – 5.15 EUR/kg as the quantities are available.
Due to the high price of cream, however, large amounts of butter in cubes are produced from butter in a block of 25 kg.
Milk collection is at the lowest point. It’s lower than expected which drives the prices further up. All the liquids stayed steady.
SMC is above 3050-3100 EUR/MT and the availability is low. Cream stayed at the high level and the prices are at 7100 EUR/MT.