SWP
Stability on both sides of the Atlantic
Europe
Lack of dynamics in an overall stable market
The feed SWP market is not particularly exciting at the moment. Prices are mostly around EUR 850, delivered to the Netherlands, with a EUR 25 premium for Q3 delivery. Food SWP slides more or less sideways with the premium brands still finding their way to multinationals and Asian markets at EUR 1100-1150 ex works range and second tier product mostly trading at EUR 950 ex works, give or take a few euros. There is a bit of pressure in the front at the bottom end of the price range. WPC-80 prices remain at EUR 12/kg with some brands selling above that level, but buyers do resist that EUR 12 threshold.
Americas
SWP market moves sideways
The SWP market lacks a clear direction at the moment. Food SWP is mostly traded around USD 0.56/lb (1235/t) which is just slightly higher than last month. The ongoing strong export performance supports the market and since exports of WPC-80 are now also picking up, the whey market feels resilient and downward price risk appears to be absent.
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