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The period around the holidays of various religions and cultures provides a certain calm and slowdown in the dairy market. Also of great importance is the relatively cold weather, which delays the peak of milk production. This is particularly noticeable in Europe. Further development will largely depend on how the weather changes: A possible rise in temperature will undoubtedly impact both the supply of milk and seasonal consumption of ice cream and other similar products.
Cheese and fats have been in high demand recently. Protein-rich powders are also in demand. While the situation for many dairy products remains stable, prices for butter and liquid products are rising. We write about the details about particular products below.
In addition, this issue of the newsletter covers the following topics: a major supermarket chain is lowering milk prices, artificial intelligence is working on excellent (which, we guess, we’ll have to find out) alternatives to cheese, a tragic accident intensifies the discussion about safety, a certain dairy scandal leads to the arrest of six people, and much more.
Continue reading to learn about this week’s market insights.
With us, you’ll never miss a thing!
The current market spot offers are still of a fulfillment towards the safe players. As for the interest, it is mainly due to the demand from traders who want to meet the needs of their customers for H2 orders. Suppliers have been asked to provide a price for the Q3/Q4 period, but all have declined, as the market is still uncertain what will happen. However, we continue to see strong futures support. Q4 SMP futures are still trading around €2700. These prices should keep the Q2 market from going much lower than we are today.
The sector of fats offers volatility in the current market, but not one we would expect. The changes of 100 EUR/MT for the product were observed last week, and we hope for a further increase. After the Easter holidays, with orders already covered and consumption booked, it could also go down again.
Following Sunday’s announcement regarding the temporary banning or closing imports of Ukrainian products, including sugar, we believe substitutes in the form of Lactose and other derivatives may be worth a look. In the short term, Lactose prices could rise due to lower sugar volumes on the market. Our buyers are also showing interest in the product.
The cheese market has been quite stable lately. The number of those willing to buy far exceeds the number willing to sell. This is especially evident in the case of Gouda. The current situation is very different from last year. Most transactions are made for products that are still available in the same month. Spot demand in selected European countries is increasing, which affects the amount of unsold product on the market.
Cheese and fats have been in high demand recently. Protein-rich powders are also in demand. While the situation for many dairy products remains stable, prices for butter and liquid products are rising. We write about the details about particular products below.
In addition, this issue of the newsletter covers the following topics: a major supermarket chain is lowering milk prices, artificial intelligence is working on excellent (which, we guess, we’ll have to find out) alternatives to cheese, a tragic accident intensifies the discussion about safety, a certain dairy scandal leads to the arrest of six people, and much more.
Continue reading to learn about this week’s market insights.
With us, you’ll never miss a thing!
Skimmed Milk Powder
The current market spot offers are still of a fulfillment towards the safe players. As for the interest, it is mainly due to the demand from traders who want to meet the needs of their customers for H2 orders. Suppliers have been asked to provide a price for the Q3/Q4 period, but all have declined, as the market is still uncertain what will happen. However, we continue to see strong futures support. Q4 SMP futures are still trading around €2700. These prices should keep the Q2 market from going much lower than we are today.
Butter
The sector of fats offers volatility in the current market, but not one we would expect. The changes of 100 EUR/MT for the product were observed last week, and we hope for a further increase. After the Easter holidays, with orders already covered and consumption booked, it could also go down again.
Lactose
Following Sunday’s announcement regarding the temporary banning or closing imports of Ukrainian products, including sugar, we believe substitutes in the form of Lactose and other derivatives may be worth a look. In the short term, Lactose prices could rise due to lower sugar volumes on the market. Our buyers are also showing interest in the product.
Gouda/Edam
The cheese market has been quite stable lately. The number of those willing to buy far exceeds the number willing to sell. This is especially evident in the case of Gouda. The current situation is very different from last year. Most transactions are made for products that are still available in the same month. Spot demand in selected European countries is increasing, which affects the amount of unsold product on the market.
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