Colors reflect world market price movements in the week prior to publishing. Grey is 'no change' and in case of a white block, there is no information about price movements.
Hover over the colors or click the product names below to show a detailed report about the product and market.
The global dairy market turns into somewhat of a puzzle ahead of the Northern hemisphere season
It is difficult to draw conclusions on the general direction of prices in the global dairy market, particularly since mid-March. Only prices in the whey domain are fully aligned in all major markets and jointly move upward. Price developments in SMP/NFDM are quite different depending on the geography. US prices appreciate with quite some force while EU prices are mainly volatile in USD terms due to a strong export performance. Butter is probably the odd one out as prices dropped in all key markets. Overall it is hard to summarize the general direction of the market. Currency volatility and logistic challenges since the Iran war broke out add to the overall puzzle of today’s market. Milk production remains overall strong though as the graph in the milk production paragraph clearly indicates. Against this background the strength in the US proteins – particularly in NFDM since whey is already a given for more than a year – is probably the most counter intuitive development that can be identified. After all, one would assume that there must be significant surplus volumes still looking for a home.
Exchange rates used in this document: Feb EUR 1 = USD 1.185; Mar EUR 1 = USD 1.162; Apr EUR 1 = USD 1.169