Pluses for protein, minuses for milk fat

Although milk supplies are heading towards the seasonal peak, spot milk prices remain stable. Both in the Netherlands (€31,50 per 100 kilos) and in Germany. It can be seen as a signal that there are no large surpluses. This is also in line with the Dutch milk supply which has been below 2018 levels for months.

Room prices are falling
Cream and butter prices are weighed down by the large stocks. Butter prices in Europe compete with other exporters, but exports are not (yet) booming. Moreover, the demand for cream from the fresh segment has been disappointing for a few weeks. This is partly due to the cold temperatures in Northwestern Europe.

It will be a bit warmer in the coming days, but summer temperatures are not yet predicted. The question is therefore whether cream prices have reached a bottom or will continue to fall. Opinions differ on this in the market.

Milk protein up
The ZuivelNL quotation for skimmed milk powder increased this week by €5 to €205 per 100 kilos. This also underlines the good demand on the global market. This week is also booming, according to exporters. Skimmed milk concentrate is also in demand and is increasing by €20 to €1.500 per tonne.

Cheese market: uncertain
The upward trend on the cheese market has been broken this week, despite the fact that supplies in Europe are still very tight. One reason for the decline is unexpected sales by trading houses that have taken positions at lower levels and are now cashing them out.

At the same time, there are reports from the market that the demand for cheese for close by is still good. All in all, it is a somewhat erratic and uncertain cheese market. The price of Gouda drops by €0,04 to €2,97 per kilo. Edam's quotation drops by €0,03 to €2,92 per kilo. 

View the latest quotations here (liquid) of view the latest quotations (cheese) here.