Colors reflect world market price movements in the week prior to publishing. Grey is 'no change' and in case of a white block, there is no information about price movements.
Hover over the colors or click the product names below to show a detailed report about the product and market.
Price developments are starting to reflect the fundamentals again in most markets
Price developments across all markets and products are still confusing at times but fundamentals do seem to become relevant again. Price developments in whey remain very strong across the board, but in most other markets stable to slightly weakening prices do seem to reflect the still strong milk production developments in all major production markets. However, it remains to be seen if the strong supply fundamentals will really be able to dictate price developments in the next couple of months. After all, Oceania will be out of the equation until late August and we still have to see if the EU will be able to repeat last year’s spectacular jump in supply growth from July onwards. Unless the screwworm incidence becomes an issue, US supply growth appears to be the most reliable of the three major export markets. Altogether, it feels like there are still too many uncertain variables to develop a clear sense of direction.
Exchange rates used in this document: Apr EUR 1 = USD 1.169; May EUR 1 = USD 1.175; Jun EUR 1 = USD 1.160