SWP
US whey prices get another boost
Europe
EU whey market tightens
The protein boom continues to tighten the EU market. Against the background of a declining dairy market this creates some tension between sellers and buyers. Eastern EU suppliers for instance are asking EUR 1050-1200 for food quality food SWP, but buyers are not willing to accept these prices which results in a standstill in the market. Trade is a bit smoother for Western EU origins within a wide range of EUR 1000-1150, all prices ex works. Conflicting market views also characterize the feed whey market where offers are at EUR 1020 while bids are at EUR 980 delivered the Netherlands.
Americas
Supply side of the whey market remains tight
Market conditions in US SWP have not changed too much since last month, be it that the tight supply conditions continue to push prices to higher levels. SWP currently changes hands at USD 0.70–0.72/lb (1545-1585/t) ex works. WPC-80 supply is extremely tight and prices have even closed the gap with EU price levels. Not too long ago we saw US product ending up in the EU, but today the market appears to be approaching the point that we may see product going the other way.
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