Milch News, 08/10/2023

In the last week of July, the quantity of milk delivered in Germany rose again slightly. In the 30th calendar week, around 0.2% more volume was offered compared to the previous week. The weekend of the previous year is also exceeded, here the lead is 2.6%. Around 2.5% more raw milk was produced in the entire year to date. Overall, the regional trend of decreasing milk volumes continues. Spot market milk was traded 0.5 cents/kg higher and the national average is quoted at 37.8 cents/kg. Demand for cream was slightly better again and the price rose slightly. Skimmed milk concentrate is balanced and stable both in terms of supply and demand and in terms of price. With reduced prices for formed butter, demand has clearly picked up again. The grocers are increasing their orders significantly, especially in NRW, where the holidays are now over, there are extensive outgoing goods. Overall, the manufacturers are very satisfied with the calls. In the case of block butter, a wait-and-see market is also evident at the turn of the month.New business is being entered into quietly, but clearly different price expectations between buyers and sellers limit the number of new contracts noticeably. In the export business, demand is also described as calm and hesitant. Sales in third countries only take place to a manageable extent. In terms of price, however, the listing in Kempten was able to increase again and is now at 4.40 to 4.47 euros/kg and thus 12 cents higher at the lower end and 2 cents firmer at the upper end. The sub-market for cheese is balanced. Depending on the holiday status of the respective federal state, the retrievals from the food retail trade are quieter. Bulk consumers and industry are also currently calling off seasonal goods. Only outdoor gastronomy is currently showing a significantly lower demand for cheese due to the rainy weather. On the other hand, demand from southern Europe continues to be brisk among local manufacturers. The ripening stocks are still below average in terms of quantity for this time of year. It is therefore not always possible to respond to additional requests at short notice. The prices tend to be stable, the listing commission in Hanover has continued its price determinations unchanged.Prices for cheese on the southern German butter and cheese exchange have also remained unchanged. Overall, the powder markets continue to show a calm business trend with stable to weaker price trends. Food-grade skimmed milk powder fell again in yesterday's price quotation in Kempten. Inquiries are received by the manufacturers in manageable proportions, deals are made here and there. There is hardly any demand or orders on the export market. Discussions for deliveries in the fourth quarter are proving to be difficult, as buyers and sellers differ widely in terms of price. On the EEX, the contracts have recently tended to be weaker again, especially in the early trading dates. Sales of whole milk powder are low. New business transactions are only being concluded very sporadically, the listing in Kempten fell yesterday at the lower end of the trading range. The prices for whey powder, on the other hand, are stable. Here, too, retailers are reporting restrained demand and only a few new business deals were concluded. In the international environment, European goods as a whole lack competitiveness.On the EEX, whey powder fell slightly on a weekly basis.