Milk fat price rally? Market report from 29.9.23
Milk fat price rally?
Market report from 29.9.23
Milk fat, skimmed milk powder, spot milk price rising, cheese slightly rising, protein concentrates stable.
The price of milk fat increased by 10%, which is above average, while skimmed milk powder and protein concentrates remained almost stable. This indicates a shortage of fresh cream, while butter is still available in sufficient quantities in the deep-freeze stores. Cheese is developing unevenly, mozzarella has remained stable, while prices for Gouda and Cagliata have recovered slightly.
There has been a slight increase in feed costs.
And in Switzerland?
Cheese exports are still at a low level and we are beginning to feel that there is plenty of milk.
On the question: Price rally in milk fat?
Cheese is still in demand and the yields of skimmed milk powder are weak and since not everyone can or wants to use frozen butter, there is a lack of fresh cream and butter. In addition, in the short term, butter prices in the German trade are rising as of 1.10. and everyone has stocked up beforehand.
Our forecast for Q4:
We expect prices to continue to fall at the end of the year for the following reasons the economic problems in China have not been solved, this also applies to Europe and the USA is heading for a shutdown. All these factors are slowing down demand.
Next week we will be at Anuga and the newsletter will be paused. You can meet us in hall 10.1 at stand B018.
We will be present at the following fairs:
- Anuga, Cologne 7 - 11 October 2023 (as co-exhibitor with Dicke Food, Hall 10.1. Stand B018.
- Marca Bologna 16, 17, January 2023
- Salon du Fromage, Paris 25- 27-2-2024, with our own stand
- Cibus Parma 7 - 10 May 2024
- PLMA, Amsterdam 28- 29 May 2024
- Sial, Paris 19- 23 October 2024, with own stand
Kind regards, Affineur Walo
