But no signs or easing, as supply is still poor on sweet whey and skim milk powder. The market is likely to remain rangebound in a narrow band for the next month, as supply remains tight but domestic demand remaining muted.

Sterling has increased again over the week, much to the chagrin of UK exporters, who have seen frictionless trade turn into tradeless friction.

BDC agri is the UK broker for Lacto Production milk and whey powder products.

For further information and prices, contact Greg Dunn on 01206 381521 or g.dunn@blackdiamondcommodities.com