Buyers reluctant to shell out as dairy product prices soar, says Dutch Dairy Board

THE Dutch Dairy Board has reported buyer resistance to fast-rising dairy product prices.

Following market nervousness as prices accelerated ahead of fundamental factors — especially for milk powder — the market turned from the last week of February, and is now trending lower in search for a new, better balanced price level, said the Dutch Dairy Board in its monthly report to the LTO farmers’ organisation.

Butter prices were still steady, but international butter buyers were also becoming more reluctant to buy at high prices.