Where are the price levels for Q3? Market report 9-6-23
Protein concentrates still falling, milk fat also falling, skimmed milk powder and spot milk price stable, cheese slightly rising.
Our forecast that prices would fall last week partly came true. In particular, the price of milk fat fell slightly, while the remaining prices were stable.
In the case of protein concentrates, prices are falling continuously due to the high value added. It is therefore often more lucrative for manufacturers to lower the price by 1% and produce less cheese or skimmed milk powder in return.
For cheese, an upward trend is emerging. Although demand for mozzarella and cagliata has not yet reached last year's level due to the bad weather in the south. We expect an increase as soon as summer starts.
And in Switzerland?
It seems to be heading inexorably towards an abyss.
The exponentially increasing negative reports from one of the largest milk processors are worrying.
To the question: Where is the price level for Q3?
Based on prices at the end of May, our forecast for the third quarter remains unchanged at +4% to +8%. For mozzarella and cagliata we see the biggest potential for increases at the moment.
Our forecast for Q4:
Milk production in Europe is declining and demand was also weak due to too high prices in spring. However, prices have since fallen and with the start of summer we expect stronger demand in Q3. Consequently, prices will rise in this, and we expect this trend to continue in Q4.
Cheespro Walo
The birth of Cheespro Walo: A perfect summer evening in a pretty pub. Our anticipation for the fresh food rose as we took in the lovely smell of tomatoes and herbs. But the cheese on the nachos, was so horrible that we would have preferred to cry. The mozzarella in the tomato salad was also tasteless and lacked bite and the cheese for our spaghetti was awful. A perfect evening was ruined, by bad cheese.
We decided it was time to develop the best cheese for professionals. With selected customers, we developed cheese that would make their products awesome. Soon we started getting requests for ready-made products with our ingredients. We do not produce these, so we networked our customers with these requests and the Cheespro Walo network was born.
The range includes 3 standard products:
- Cagliata Walo, low fat
- Gran-Pasta, for grating
- Hi-Lo optimised for high protein dishes
We are present at the following fairs:
- Symposium Feines Essen und Trinken, Munich 15/16 June 2023 (as co-exhibitor with Dicke Food).
- International Cheese Award, Stafford GB, 30.6; 1.7. 2023 (as participant)
- Anuga, Cologne 7 - 11 October 2023 (as co-exhibitor with Dicke Food)
- Marca Bologna 16, 17, January 2023
- Salon du Fromage, Paris 25- 27-2-2024^
- Cibus Parma 7 - 10 May 2024
- PLMA, Amsterdam 28- 29 May 2024
- Sial, Paris 19- 23 October 2024
Kind regards, Affineur Walo
