For the time being it rests on the dairy market, future uncertain

Published 2020년 9월 9일

Tridge summary

The article reports on the upcoming increase in the quotation for butter, skimmed-milk powder, and skimmed-milk powder for animal feed, while prices for whole milk powder and whey powder will remain stable. Despite the impact of the coronavirus, dairy sales, particularly to China, are holding up well, with cheese, whey, and cream seeing reasonable demand. However, the need for cream has led to a decrease in butter trade. Despite these challenges, milk prices are expected to be slightly lower than last year, which is disappointing for dairy farmers. The future of dairy prices in 2021 remains uncertain, heavily influenced by the coronavirus situation and the development of a vaccine.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The quotation for butter will increase this week by 2 euros to 340 euros per 100 kilos, while those of skimmed-milk powder and skimmed-milk powder for animal feed will also increase by 2 euros to 212 and 205 euros per 100 kilos respectively. The quotation for whole milk powder remains 270 euros, that for whey powder 69 euros. Osinga does not expect significant fluctuations for the rest of the year either. The big buyers have already done business for the rest of the year, he says. 'What still has an influence is the low dollar price. This plays into the hands of the United States and means that we are currently less able to compete in the world market in Europe. ' Nevertheless, sales of cheese, whey and cream are continuing reasonably well, partly due to exports to China. 'China is ahead of Europe in the corona crisis. There, normal life gets going again and there is more demand for dairy. ' The need for cream is also striking. This is probably also a result of the corona crisis. ...

Source: Nieuwe Oogst