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.
A relatively long period of tight milk supply conditions has now come to an end
In our August issue many market participants may still have been unaware due to the holidays, but one month later everyone has now woken up to the reality that a lot of milk is flowing into the global market. Buyers had to wait a remarkably long period before milk started to flow and their purchase options became comfortable again. The aggregated supply growth rate in the milk production graph has increased to around 2 percent and recent developments in all key production regions give no indication that that number will fall below 2 percent again in months to come, on the contrary. Buyside activity tends to be high in September and October but for the first time since 2023 buyers do not have to hurry. The pressure balance has clearly shifted to the sell side in the last couple of weeks.
Exchange rates used in this document: Jul EUR 1 = USD 1.177; Aug EUR 1 = USD 1.161; Sep EUR 1 = USD 1.166