29.
02.24
Demand is a little quieter again

Milch News, 02/29/2024

Bullish
  • Milk quantity currently below last year
  • international competitiveness
  • low cheese stocks with high demand
Bearish
  • volatile demand development
  • beginning of Ramadan
  • Situation Red Sea
Education price index Skimmed milk powder €/t
publication Germany Netherlands France index the change
02/212024 €2,575 €2,460 €2,530 €2,522 24€
02/14/2024 €2,555 €2,470 €2,470 €2,498 50€
02/07/2024 €2,515 2.420€ €2,410 2.€448 -20€
butter €/t
publication Germany Netherlands France index the change
02/212024 €6,990 €5,950 €5,600 €5,847 220€
01/10/2024 €5,650 €6,900 €6,330 €5,627 217€
02/07/2024 €5,400 5.500€ €5,330 5.410 € 30 €
        Flüssigmilch       ct/kg
Veröffentlichung Deutschland Niederlande Dänemark Irland Index Änderung
12.02.2024 45.47 46.31 42.65 44.54 44.74 1.81
01/12/2024 44.34 42.25 41.70 43.41 42.93 1.43

The usual seasonal increase in milk volumes continued. In the 7th week, around 1.1% more milk was delivered than in the previous week. The mild temperatures of the last few weeks have accelerated the growth in milk volumes. Cumulatively, however, around 1.3 percent less raw milk was recorded in the first seven calendar weeks of the new year compared to the previous year. A multi-part picture emerged on the raw materials markets. Spot market milk fell by 0.7 cents to 36.3 cents/kg on the federal average. There was also more than enough skimmed milk and skimmed milk concentrate available and the price fell with manageable demand, while industrial cream was able to benefit from the increased demand for block butter. The price quotations for block butter have improved significantly. In line with the higher demands from dairies, demand has also calmed down somewhat. Discussions are now taking place primarily for longer-term supply contracts where manufacturers and customers do not always agree on price. On the EEX in Leipzig, the leading dates were traded somewhat weaker. Trading activity is significantly higher than in previous weeks. Demand for molded butter remains at a high level, although goods issued have recently decreased somewhat. The price in Kempten remained unchanged at 5.69-5.87 euros/kg. Consumers continue to pay 1.69 euros for 250 grams of butter in food retailers. This means that butter currently costs around 0.20 euros more than a year ago. The cheese market remains stable. The calls are at the high level of previous weeks and are occasionally supported by special offers in food retailers. Industrial customers occasionally requested additional quantities. For longer-term deals, market participants report firmer prices. As expected, inquiries from southern Europe are increasing. Inventories remain at a low level and are comparatively young. After the lively business of the previous week, the powder markets have calmed down again. When it comes to skimmed milk powder, buyers are currently primarily demanding agreed quantities, while new and additional business transactions are very limited. Degrees focus primarily on the European internal market. Despite better competitiveness, export activities are lower. Ramadan is about to begin in the Arab countries, and shipments to the Asian region are very expensive due to the location on the Red Sea. Powder prices on the EEX are stable over the week. The trading volume for skimmed milk powder in animal feed quality is low. The volumes have decreased compared to mid-February, the prices have fallen by around 10 euros to 2,330-2,360 euros/t. Whole milk powder is also characterized by only individual business activities. Above all, existing contracts are produced and fulfilled. Whey powder is abundant because of the high cheese production. Calls and new business are somewhat more subdued than in the previous week. Discussions about deals are continuing and include both buyers from the domestic market and from the export market. The price rose slightly at the upper end of the trading range, while it fell slightly at the lower end.

ZMP Live+ Logo

ZMP Live Expert Opinion

Demand has calmed down somewhat, but prices have remained mostly stable to firmer. The upcoming Easter is likely to provide minor impetus for dairy products, while international trade, with the exception of cheese, remains difficult due to the geopolitical situation.

ZMP Market Report Compact
Latest news from the markets, in compact for you

You see historical data because you're not logged in or not a ZMP Live+ member. Get your information advantage now!

02.
10.24
09:33

1st GDT auction prices in Oct. 2024: +1.2 % The first Global Dairy Trade (GDT) auction in Oct. 2024 continued the average price increase of the previous auction with +1.2 %. There were significant price increases for whole milk powder. Butterfats appear to have passed a record high. The repeated high auction volume of 38,814 tons is outstanding…

read on
18.
09.24
08:56
Sep 17-2024: GDT auction +0.8% Market Report Compact

2nd GDT auction prices in Sep 2024: +0.8 % The second Sep 2024 Global Dairy Trade (GDT) auction more than offset the price decline of the previous auction with an average of +0.8 %. Significant upward corrections have taken place in milk powder. Butterfats appear to have reached an all-time high. The repeated high auction volume of 38,814 tons is…

read on
04.
09.24
08:52

1st GDT auction prices in Sep 2024: -0.4 % The first Aug 2024 Global Dairy Trade (GDT) auction put the above-average price increase of the previous auction into perspective with an average of -0.4 %. Significant downward corrections took place for VMP, while the usual price ratio to VMP was restored for SMP. The repeated high auction volume of 38…

read on
Rückrufservice
Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Help?

Do you have questions about ZMP Live? Our team will be happy to help you. Please feel free to send us a message:

Our privacy policy applies

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich