SWP
SWP prices are resilient within a bearish dairy market context
Europe
SWP prices appreciate against the tide
Feed whey prices appreciated against the tide of the overall dairy market. Feed whey is trading at EUR 930 delivered Netherlands, but activity has recently subsided somewhat now that most trades are done. The food market is less strong but still overall stable. Product is traded at EUR 970-1150 ex works. Most buyers still have to buy for Q4 as they haven’t abandoned their hand-to-mouth strategy yet. The Euro remains too strong to make EU origins competitive in export markets.
Americas
SWP stabilizes while WPC-80 prices take another step up
The US SWP market is stuck at a price of USD 0.55-0.57/lb (1215-1255/t) ex works. Supply is as tight as it has been over the last couple of months but because demand is poor prices came down a little. The market may still experience a bit of holiday sluggishness. The WPC-80 market in the meantime remains very strong and prices appreciated further to levels where exports to the EU are now no longer feasible.
More insights
If you're interested in SWP, you may also like these topics:
