Milk News, June 10th, 2021

From the information provided by many dairies, it emerged that the quantities delivered have remained at the level of the previous week. The seasonal high point seems to have been reached for the time being. Compared to the previous year, around 0.2% less raw milk was delivered. Despite the somewhat firmer price trends on the raw material markets, milk on the spot market had to give way by 0.4 cents / kg to 32.7 cents / kg.

The powder markets have not found a unified direction in the past few days. There was still lively demand for skimmed milk powder in all qualities. Extensive deals have been made for both short-term and later delivery dates. In the case of whole milk powder, on the other hand, the trade was calmed down due to favorable competition, so that prices also developed somewhat weaker. On the EEX , the skimmed milk contracts also had to give way slightly, especially for later dates. The average price was 2561 euros / ton. The mood in the market for molded butter has continued to develop in a friendly manner. Molded butter enjoyed growing demand.The increasing barbecue activities, the asparagus season and the reopening of the restaurant business were able to give the market significant impulses. Manufacturers report brisk sales. This was also reflected in consumer prices, which rose by 4 cents. to 1.49 euros. In the case of block butter, on the other hand, market participants continue to wait and see. New deals were kept within reasonable limits, so that the focus was on the processing of the contract goods. The different asking prices in particular caused problems for buyers and sellers and prevented extensive deals. The relaxation of anti-corona measures has had a positive impact on the semi-hard cheese market. Sales in the GV area continued to grow. On the other hand, orders from the food retail sector declined. Overall, the market participants expect demand to continue to grow despite the shift in the flow of goods. As a result, prices have become slightly more stable. The stocks in the ripening warehouses are at a level typical of the season.