SWP
EU SWP is too expensive compared to SMP
Europe
Liquid whey is still too expensive to lift the SWP market up
The EU SWP market is stable without too much dynamics. Food SWP is priced at EUR 950 to EUR 1160 ex works, with some outliers significantly above the top end of this range. Feed SWP is also steady with most spot trades happening around the EUR 925 level delivered Netherlands. The ongoing tightness in the WPC-80 market keeps liquid whey expensive, which in turn causes SWP to remain overpriced compared to SMP.
Americas
Improved liquid whey availability turns whey powder market somewhat bearish
Demand for SWP – both domestically and in export markets – is not strong enough to offset the improving liquid whey availability in the US. As a result SWP prices came down to a level of USD 0.50/lb (1100/t) ex works.
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