The market is moving swiftly sideways, the only change being the massing ranks of sellers facing buyers who have fled the field. Whey is posted unchanged for the entirety of July, but skim milk has posted another €10 increase, although seller competition leaves the market unchanged. The concentrated proteins of whey and skim are plain unavailable, as the towers concentrate on skim and whey drying, and lactose remains in short supply and overvalued for feed use.

Sterling remains rangebound between €1.0950 an €1.11, but has put in a six week high against the dollar, at $1.27+, as risk appetite for dodgy currencies apparently increases.

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