The delivery quantities recovered again in the last week and reached the previous year's level. According to the ZMB, around 0.5% more raw material was available to the dairies. Sales of raw milk fell slightly. The ife Institute has determined a price of 31.2 cents / kg for calendar week 16. Little interest in buying and the lack of impetus from the asparagus season, including the catering industry, put the cream market under particular pressure. Last week, sales of molded butter were at a seasonal level. Business is only picking up slowly due to the cool temperatures. This was also evident in Kempten, where the price fell slightly. The buying interest in block butter has risen slightly, albeit at a reduced price level. The trading volume for butter contracts on EEX has increased compared to the previous week. 440 contracts were traded in the last week. For the later dates, the prices tend to be more firm, the earlier ones had to give way. In the market for skimmed milk powder , market participants are behaving in a wait-and-see manner.Although contracts are constantly being concluded, these are primarily aimed at short-term delivery dates. The scarce availability of goods ensured stable prices. The export business has picked up some speed again. Manufacturers report inquiries from both Asia and the Middle East. Trading on EEX for skimmed milk contracts decreased slightly in the last week compared to the previous week, but is still quite brisk with 388 sales. Demand for whole milk powder was limited. The food industry in particular is still well supplied and only covers short-term needs. The semi-hard cheese market is presenting itself without any major impetus, but with stable trade. The quantities in demand were well covered by the available supply. The pre-crisis level has still not yet been reached. Due to the nationwide emergency brake, the hope of opening up the restaurants in the model regions is moving further away again. The export business, especially towards southern Europe, has not yet fully recovered and is at a low level. On the other hand, exports to third countries have again increased slightly and are showing themselves steadily.
ZMP Live Expert Opinion
The milk market is in a stable condition despite the slightly weaker prices. The corona pandemic with the closed catering establishments continues to cause a certain degree of uncertainty. At the same time, business with third countries is picking up speed again. With the increasing delivery quantities, the market could come under some pressure. On the other hand, there is a slowly growing asparagus business that could have a particularly positive effect on butter sales.
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