Summary of the week 50 (dairy)
This is our summary of the week 50 on the European dairy market divided into 4 main categories.
Significant quantities of SMP are offered in the area of 3.27 – 3.32 EUR/kg EXW EU. The product is available, one just need to pay the right price. Most manufacturers do not feel pressure to sell below a certain level.
FCMP is offered in the area of 4.15 – 4.25 EUR/kg EXW EU.
SWP food is approaching the barrier of 1,200 EUR/MT EXW EU. The interest and pressure on WPC80 Instant is not decreasing. Depending on the date of collection WPC is offered at 10.10 – 10.75 EUR/kg EXW EU.
Cheeses are still high. Prices for Gouda for Q1 are at 4200-4250 EUR/MT with no signs of decreases.
Mozzarella is slightly more expensive than in previous weeks. We hear bid of 3800-3850 EUR/MT.
Butter prices for Q1 are revolving around 6000 EUR/MT. Just before Christmas, the situation is a bit calmer.
AMF is offered above 7.30 – 7.40 EUR/kg EXW EU.
There is less and less raw material. Spot prices for raw milk are at 0.50-0.55 EUR/litre. SMC and cream slid just before Christmas. For sure, this year there won’t be any additional quantities of the latter. The prices are at 6800-6900 EUR/MT for cream. We think that during Christmas it might be around 6600 EUR/MT, but the availability might be poor.
Similar situation with SMC with prices at 2800 EUR/MT.