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Do you know that more and more people are calling the summer weather hot as cheese? We haven’t heard anyone say that either because we just made it up, and since we wrote it in the article, everyone will be saying that in two days at the latest. In any case, you should have gathered from this long and very confusing introduction that cheese is the hottest product right now (at this point, we really do not know if that was clear). Oh, and, well, cheese prices will likely continue to rise.
Another week is behind us, in which a major problem was the lack of storage space. It will be the same in the next one, and probably in the next ones as well, after all, this is not a problem that will be solved in a few moments, is it? Well, unless someone eats an entire warehouse of butter or cheese, but why would they do that anyway…
The warm weather is making people think more and more about vacations and holidays, and with that, stocking up on supplies for their companies while they are away. With the last few weeks before the most intense vacation season of the year begins, it’s almost certain that these coming weeks will be very busy in the dairy market (and other commodity markets in general). As always, below, you will find all the information you need to make the right decisions for your pre-vacation (and non-vacation) purchases.
Continue reading to learn about this week’s market insights.
With us, you’ll never miss a thing!
Last week, the situation in the fat sector remained relatively stable in the long term, but for the near future, the tendency of purchasing activity is lower. Buyers are already committing and accepting quotations for the period Q4/Q1 at 4.90 EUR/KG. The nearer term has changed, and with the correction in Cream and Raw Milk prices, the market has eased somewhat, becoming more attractive and trending at the 4.65 — 4.80 EUR/KG level. This week should give a better outlook for the Q3 2023 market.
This week, all eyes are on GDT. The situation with powders is not clear to everyone in the EU. For the spot basis, we all saw less activity than last week, but we could say that we have reached a peak in Q2 prices, with no clear sign for the second half of 2023.
Although it is not difficult to find the Cheese on the market, all those who have some positions in stock with quick pickup dates try to raise prices even more. We have some interest in Cheese with prompt delivery at 3.65 EUR/KG, which will be 50 cents up per kilogram, reached within the last 4 weeks. From our point of view, this rally in Cheese could end soon.
Last week, we also generated positive sentiment on Whey Protein Concentrate pricing and sales. We have observed that with the greater demand that the product enjoys, the tendency for prices to rise. But since one of the Polish dairies went up by 30 cents per kilogram, they did not achieve many sales with the new pricing levels.
In the past week, the situation for Cream remained stable. The same applies to Skimmed Milk Concentrate, which was also relatively stable.
Another week is behind us, in which a major problem was the lack of storage space. It will be the same in the next one, and probably in the next ones as well, after all, this is not a problem that will be solved in a few moments, is it? Well, unless someone eats an entire warehouse of butter or cheese, but why would they do that anyway…
The warm weather is making people think more and more about vacations and holidays, and with that, stocking up on supplies for their companies while they are away. With the last few weeks before the most intense vacation season of the year begins, it’s almost certain that these coming weeks will be very busy in the dairy market (and other commodity markets in general). As always, below, you will find all the information you need to make the right decisions for your pre-vacation (and non-vacation) purchases.
Continue reading to learn about this week’s market insights.
With us, you’ll never miss a thing!
Butter
Last week, the situation in the fat sector remained relatively stable in the long term, but for the near future, the tendency of purchasing activity is lower. Buyers are already committing and accepting quotations for the period Q4/Q1 at 4.90 EUR/KG. The nearer term has changed, and with the correction in Cream and Raw Milk prices, the market has eased somewhat, becoming more attractive and trending at the 4.65 — 4.80 EUR/KG level. This week should give a better outlook for the Q3 2023 market.
Skimmed Milk Powder
This week, all eyes are on GDT. The situation with powders is not clear to everyone in the EU. For the spot basis, we all saw less activity than last week, but we could say that we have reached a peak in Q2 prices, with no clear sign for the second half of 2023.
Gouda/Edam
Although it is not difficult to find the Cheese on the market, all those who have some positions in stock with quick pickup dates try to raise prices even more. We have some interest in Cheese with prompt delivery at 3.65 EUR/KG, which will be 50 cents up per kilogram, reached within the last 4 weeks. From our point of view, this rally in Cheese could end soon.
Whey Protein Concentrate
Last week, we also generated positive sentiment on Whey Protein Concentrate pricing and sales. We have observed that with the greater demand that the product enjoys, the tendency for prices to rise. But since one of the Polish dairies went up by 30 cents per kilogram, they did not achieve many sales with the new pricing levels.
Cream
In the past week, the situation for Cream remained stable. The same applies to Skimmed Milk Concentrate, which was also relatively stable.
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