This is our summary of the week 29 on the European dairy market divided into 4 main categories.
Powders
Little interest in SMP after fairly expected price drops on the GDT index. Producers offer prices in the range of 2.35 – 2.40 EUR/kg EXW EU, although we received offers for goods from Ireland and the UK below these levels with prompt loading. Big changes are not expected before the end of holidays in Europe. FCMP prices are lower. Even though the stocks are low, the quiet demand does not let the price go up. Polish SWP is offered at the level of 950-970 EUR/MT EXW PL. The WPC80 Instant is steadily building its price. Most of the market participants hope to maintain this trend until the end of 2021.
Cheese
The price of Gouda 48% remains around 2.93 – 2.95 EUR/kg EXW DE/NL. Interestingly, Polish cheese is offered much higher in a large price range from 3.00 to 3.10 EUR/kg EXW PL. Unfavourable market for Mozzarella producers – it seems as if there was too much of this product on the market. It’s easy to get offers, even around 2.80 – 2.85 EUR/kg EXW EU. Cheddar is stable across Europe. There is no big demand for Cagliata and the prices went down.
Fats
Another week of weakening prices on the butter market, although the price of cream strengthened at the end of last week due to larger quantities bought by German producers. Polish butter is available between 3.68 – 3.75 EUR/kg EXW PL. In Germany, the price is above 3.80 EUR/kg EXW DE. With those quotations we notice more inquires for November and December from end-users. Producers tend to fight for contracts for butter in cubes, where cash is much better than for block butter. AMF slightly lower.
Liquids
The availability of liquids dropped quite significantly with the increased temperature that was present last week. It had an influence on prices, especially those of cream and raw milk. SMC rose a little bit. There are large quantities of SWC available.
