Lactose
Availability improves in both the EU and the US
Europe
Mixed signals in the EU lactose market
Prices remain overall stable to slightly upward in the EU market at a level EUR 1300-1350 FCA but availability appears to improve. We are just before peak season and milk production is very strong so demand for standardization is expected to strengthen. Still, the market no longer feels as tight as it was in previous months.
Americas
Availability appears to improve
The lactose market appeared to firm during most of last week but suddenly weakened again towards the end as availability apparently improved. Demand is steady though and Latin American export demand for standardization remains solid. Prices are at USD 0.57-0.60/lb (1225/t) ex works but as prices are close to the SWP level the upside is limited at the moment and downward momentum feels more likely.
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