US high whey protein prices were stable with a bullish market tone during the week ending 20th April. Buyers returned to the market, taking advantage of low prices. Also, some producers have put high whey protein production on hold due to lower valorisation and returns. Market sources suggest that the decline in production could drive prices up, as supply is set to decrease in the following weeks. The MBP for Whey Protein Concentrate 80% Regular FCA (FOB factory) US [Mintec Code: WCRUS] was assessed at $2.15/lb on 20th April, up 2% w-o-w. The MBP for Whey Protein Isolate 90% FCA (FOB factory) US [Mintec Code: WIUS] was assessed at $3.50/lb, unchanged compared to last week.
Meanwhile, US SWP prices steadied during the week, ranging between $0.40/lb and $0.46/lb, with older stocks produced at the end of 2022 sold in the lower price range and feed whey prices in the $.30s/lb range. Demand for WPC 34% remained weak, and high stock levels are reported to be a burden for some manufacturers, leading to the wider price range depending on whether it is for feed around $0.90/lb, or food at $1.20/lb - $1.30/lb. In the EU, the decline in price of high whey protein concentrates in progress since the start of the year slowed, but bearish sentiment lingers. The MBP for Whey Protein Concentrate 80% Regular EXW EU [Mintec Code: WCREU] was assessed at €4,650/mt on 20th April, unchanged w-o-w. The MBP for Whey Protein Isolate 90% EXW EU [Mintec Code: WIEU] was assessed at €7,850/mt on 20th April, unchanged w-o-w.