Lactose
Strong import demand supports prices in both key origins
Europe
Market has calmed down
After all of the turbulence and strong upward price momentum of the last two months, the lactose market has by now calmed down. Availability is still limited but prices are no longer appreciating. The market feels overall balanced at a price level of EUR 1200-1350 ex works.
Americas
US product regains some import share after Chinese tariff reduction
The US lactose market continues to firm up and prices continue to move higher. Lactose is trading at USD 0.44-0.45/lb (970-990/t) ex works. Exports to South America have remained strong and US product is now also winning most of the business in China and SEA again.
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