MD_DA105

     Dry Whey - Western Europe

     Report 3 - Released on January 19, 2023

     Prices for European whey continue to slide lower. Industry sources suggest demand is light
     in both the food and feed markets, leaving little market price support. Inventories are
     growing and sufficient to fill current market needs. As milk continues to flow at rates
     above expectations, and cheesemakers make cheese accordingly, whey production is active. The
     market tone for European whey is bearish.


     Prices for: Western Europe, All First Sales, Free on Board - Port, Conventional, and Edible
     Dry Whey
     Price Range - Non-Hygroscopic; $/MT:                   800 - 1,075


     Information for the period January 9 - 20, 2023, issued biweekly

     Secondary Sourced Information:

     YTD EU Whey Exports
     Whey exports from the EU27 January - November 2022, 719,000 MT, decreased 6.2 percent from
     January - November 2021 according to CLAL data made available to USDA. Main destinations
     from January - November 2022, the quantity, and percent change from January-November 2021
     are China, 190,835 MT, -16.25 percent; Indonesia, 70,806 MT, -18.28 percent; and South
     Korea, 57,813 MT, -0.75 percent.


     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov