Well, it was two actually, but only one day at VIV Asia, which lived up to its reputation as the Eurotier of the East.
We see sweet whey down €10 and skim milk a surprising -€20 this week, but supply has started to ease. That in itself is surprising, as CMR demand remains brisk, but we should see a slowdown as we head further into Q2
Talking the market whilst at VIV, it seems that US feed grade whey has been undercutting European offers into Asia, despite reported domestic US prices being far in excess of EU pricing. That might be what is pulling Dutch prices off the boil. Other ingredients are also easing in supply terms, if not pricing.
BDC agri is the UK broker for Lacto Production milk and whey powder products.
For further information and prices, contact Greg Dunn on 01206 598657 or greg@bdc-agri.com
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