With a drop of €240/tonne between September 23 and October 7, according to Atla, milk powder prices began the fall with a clear correction, erasing the gains made in August and September, when uncertainty over the holding of the milk collection in the midst of FCO and MHE epidemics panicked operators.
Milk powder prices up in week 45
It must be said that the experts were reassuring. Certainly, farms affected by one of the two diseases produce less. But the others compensate, in an economic context favorable to breeders.
Since then, the negative news of declines in collections in Northern Europe has tarnished the commercial atmosphere. Weighed down by the decline in production in the Netherlands, Germany, Denmark, and Italy, European collection is expected to decline by 0.3% in the last quarter, despite the dynamic in France, Ireland and Poland.
It is in this context that Atla rates the skimmed milk powder at €2,520/ton in week 45. This is 4.6% more than the low of week 41 but still 3.4% less than last year, same period.
The European powder market is waking up
According to operators, buyers were back on the market European milk powder market these last few days, in order to cover themselves. Enough to revive trade with firm quotes beyond France, in Germany and the Netherlands in particular. EEX futures are also rising.
Globally, prices are rising GDT
On the international auction platform Global Dairy Trade, which reflects the mood on the global market quite well, the price of skimmed milk powder reached $2,850/tonne during this week's auctions. A level that had not been seen since spring 2023. The whole milk powder stands at $3,713/tonne, a record since September 2022.
Butter prices still firm
On the fat market, the Atlas quotation of butter recovered slightly after interruptions. French cream is posting records, still at more than €10,500/ton. Butter contracts on EEX also strengthened during the week.
