Analysis dairy market
Solid dairy continues to recover in a rebounding market
The dairy market has rebounded more broadly this week. This time the foil cheese and powders also participate. Liquid dairy products and butter continue to rise in price. The value level is therefore still considerably lower than the payout prices, but the acute pain has decreased slightly for the average processor.
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According to the DCA quotation, the spot milk price for the Netherlands for this week is €36,50 per 100 kilos. That's €2,00 more than last week, but still a rough €20 below the average payout price for February. In Germany, the spot milk price has increased slightly less, which is also the case with many other dairy prices.
More is also paid for mozzarella, but the price increase for this remains behind that of Gouda foil cheese.
New production even more expensive
Manufacturers charge even more for new production. Apparently there is room for it. In recent weeks, several large batches of cheese hanging above the market have been cleared away. That apparently clears things up now. Prices of up to €3.200 per tonne are quoted for Gouda foil cheese.
The price for Gouda natural cheese has been able to maintain a considerably higher level than that for foil cheese for a long time, but the price has recently come down. Prices for Cheddar have also fallen slightly further.
Powders up more carefully
Price recovery is also visible in milk powders and whey powder, but more cautiously than in butter and foil cheese. This appears to be partly a result of a better than expected Fonterra GDT auction earlier this week, although the price of skimmed milk powder (the most important world market product for Europe) did not increase. However, encouragement was taken from the better purchasing spirit from China.
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