ONIL milk powder tender for June-September 2024 delivery closes
Following several days of bidding on the latest milk powder tender issued by the Algerian buying agency, Office National Interprofessional du Lait et de Produits Laitiers (ONIL), for skimmed milk powder (SMP) and whole milk powder (WMP), for delivery in June-September, the tender closed on 27th March 2024. According to market sources, a combined volume of 45,000-50,000mt has been committed in the tender, split into 20,000-25,000mt WMP and 25,000mt SMP.
Multiple market sources reported that the SMP price range for this tender was around €2.350-2.430/mt FCA Europe, and price levels for WMP have not been confirmed yet. While New Zealand covered the WMP demand, European suppliers have mostly covered SMP volumes. Multiple market sources indicated that SMP prices have closed at levels slightly above expectations.
Mintec will continue to monitor the market situation closely during the coming weeks and will follow up with any news regarding the dairy market. If there are any questions or comments, please feel free to contact me directly.
Sandro Schulz Mintec EMEA Protein Team Lead
+49 15510 096845 [email protected]