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.
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Improved availability creates some comfort for buyers, but tariff developments keep everyone on their toes
In several dairy commodity categories, markets are still grappling with recent tariff developments and anticipations about things to come, but buyers are getting a bit more comfortable about availability this time of year. The opportunities to leave the hand-to-mouth strategy of the last 12 months behind are growing, but more in some categories than in others. The growth rate of milk production in the export countries monitored for this report is above 1% for the first time in many months. Going forward the main question is whether this is the only moment this calendar year to build some positions or if prices will continue to fall once the Northern hemisphere supply peak is over. Another thing to consider when making decisions is whether the current negotiations between the big trading blocks in the world will actually result in a reversal of the installed or announced tariffs.
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Exchange rates used in this document:
Mar EUR 1 = USD 1.080; Apr EUR 1 = USD 1.105; May EUR 1 = USD 1.097