Milch News, 06/15/2023

The weekly decline in milk volume also continued at the beginning of June. Again, around 0.1% less raw milk was delivered to German dairies, but compared to the previous year as a whole there is a lead of 2.7 percent. Prices on the sports market continued to rise and are now around the German average at 35.5 cents/kg (+ 2.4 cents/kg). Business on the raw materials markets is quiet. In terms of price, industrial cream fell slightly compared to the previous week, liquid skimmed milk is less in demand, but prices continued unchanged. Blockbutter is characterized by a calm course of business. Demand is characterized by a wait-and-see attitude, talks and negotiations are held, but deals are rarely concluded. The listing for bock butter on the southern German butter and cheese exchange remained unchanged from the previous week. The market for formed butter is running faster there. Sales are high and the sales statistics also show better demand at consumer level.The barbecue season, the asparagus season and better sales in outdoor catering all contribute significantly to this development. Butter was traded extensively on the EEX yesterday, Wednesday in particular. For the most part, prices have stabilized. The current prices are above the current quotations on the cash market. In terms of price, cheese prices can now also increase. The trading range for Gouda (block) in Hanover, which was already raised last week, also increased in yesterday's listing. Bread prices remained unchanged at 3.75-3.90 euros/kg. Demand is described as good to very good. Production and delivery are balanced, so that the stocks in the maturing warehouses are still below average and young. The food retail sales channel and the demand for exports from southern Europe are making the mood on the cheese market firmer. Industrial customers call off goods within the framework of the contracts and at the customary seasonal level. On the other hand, the market for skimmed milk powder in food quality is still quiet. In terms of price, the powder is on the spot.Due to the start of the holiday season, demand is currently a little quieter, but deals are made every now and then. The manufacturers are not satisfied with the quantities. From the export business, Chinese demand is still below expectations. Due to a weakening economy and also due to increased domestic production, the country reports little demand compared to other years on the global market. The quotations remain unchanged this week, the later delivery dates on the EEX fell slightly on a weekly basis, but are above the current price level on the effective market in the period from August to February. The animal feed market for skimmed milk powder continues to be described as particularly quiet, and there is little new business. On the other hand, whole milk powder prices improved slightly. The deals are manageable and focus on deliveries for the next three months. There is still no unified trend in the market for whey powder . While demand was a little brisk in the last two weeks, business activities are currently quieter again.In terms of prices, the quotations were slightly increased yesterday to 800 -920 euros/t compared to the level of the previous week.