DCA Benchmarks: Liquids commentary week 49

DCA spot milk prices have fallen below €25 per 100 kilos, the lowest point in five years. Northern Germany shows the lowest levels. Market participants report that prices are likely to decline further in the weeks surrounding Christmas. Buying interest is extremely limited, and it is increasingly difficult to find outlets for the milk. The same applies to skimmed milk, which explains the wide gap between the highest and lowest price inputs.