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.
Sentiment gets the upper hand
The milk production graph in this issue of the Market Watch leaves little doubt about the ongoing strength of milk supply in the key export regions of the world. However, buyers started to realize throughout January that prices had fallen to very favorable levels compared to the last 18 months or so. This realization triggered strong buyside activity in the Asia Pacific market that subsequently spilled over to other geographies as well. NFDM and SMP were initially the main priority of buyers, but other products started to gain traction as well. Near term availability appears to be limited for various reasons - be it processing capacity limitations or cold weather - which initiated strong upward price momentum in recent weeks. Despite supply still being strong and the Northern hemisphere season approaching, buyers are working hard to fill up Q2 and beyond at yesterday’s price levels.
Exchange rates used in this document: Dec EUR 1 = USD 1.167; Jan EUR 1 = USD 1.167; Feb EUR 1 = USD 1.185