Friday 19 August
UFU MPI: 45.20ppl (up from 45.14ppl) – The latest MPI has seen little change in the last fortnight reflecting the quietness of dairy commodity markets. The products that are moving are balanced between gains for butter and weakness in skim milk powder (SMP). This week saw butter up €60/tonne to €7090 and SMP slipped €40 to €3500/tonne. Meanwhile in New Zealand, GDT slipped two-point-nine percent, with whole milk powder down three-point-five percent to $3417/tonne yet cheddar rose four-point-two percent to $5005/tonne.
Friday 5 August
UFU MPI: 45.14ppl (was 46.62ppl) – Dairy commodity markets remains subdued with many traders still on holiday, which means that any trade which does happen will take an exaggerated turn, seen last week with falls for whole milk powder and skim milk powder in Dutch markets. Yet this week every product remained unchanged, which illustrates how quiet markets are. Elsewhere GDT All Product Index in New Zealand slipped five percent to $3913 on the back of concerns relating to China.
Friday 22 July
UFU MPI: 46.62ppl (was 48.91ppl) – Dairy commodity/wholesale prices have weakened. DDB/ZuiveNL cut prices for all dairy products this week. Notable falls for butter and whole milk powder, down €150/tonne to €7,000 and €200/tonne to €4,700 respectively. In New Zealand, the GDT all product index was down five percent at $4,166. Any positivity in pricing is being driven by tight supplies but high retail prices are starting to weigh on retail demand for some dairy products. Kantar in a 12-week analysis confirmed that milk consumption is down six-point-six percent, yoghurt down seven percent, cheese down five-point-seven percent and cream down eight-point-six percent.
Friday 8 July
UFU MPI: 48.91ppl (was 48.86ppl) – Dairy commodity markets at a crossroads. Markets are quiet, yet negative market sentiment is leading to a slip in dairy commodity prices, as buyers have bought product they need. DDB Butter is €7150/tonne, £6,000/tonne in UK. Cream prices are on the up, trading around £2.85-£2.90 but powders are slipping, with Dutch WMP slipping €50/tonne to €5,100/tonne and SMP (food grade) down €40 to €3,920/tonne. DDB Whey price has weakened this week down €40 to €1000/tonne, which matches trends considering that SMP and whey normally go hand in hand. GDT all product index in New Zealand was back four-point-one percent at $4360.
