Market outlook

Due to our market intelligence and efficient decision making, Bdairy is able to keep its business partners up to date about the newest market trends, offer competitive pricing and act as a sparring partner for dairy procurement and sales decisions. Gathering and communicating the latest market insights, we help our partners to stay at least one step ahead. Your Bdairy market wizard is happy to provide you with a personalised approach.

Market Outlook | 10 October 2019

Knowledge is power, so every month we make a detailed analysis of the latest developments in the dairy market. This month our Senior Commercial Manager, Martin Doorduin, tells you everything you need to know.

Skimmed Milk Powder

Last month the prices for skimmed milk powder increased by almost 200 euro. In Europe we see a very clean market because there are almost no stocks. In the world market the gap between European product and other origins almost disappeared.

The demand has been good. Since a lot of countries still need to buy product the market will remain firm, at levels between 2.300 and 2.400 euro.

Butter

European butter is still competitive on the world market. European end users are pretty well covered, so in Q4 we see the demand mainly coming from outside Europe.

In the first half of September the butter prices were relatively low compared to 2017 and 2018. That resulted in a good buying appetite for 2020. At the end of last month the prices stabilized and the buying appetite for 2020 decreased.

Our outlook on the short term is bearish. We expect the prices to drop by approximately 100 euro.

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