Fourth quarter contracts are now in place and, for the most part, are much the same as they were previously. Stocks of rennet and acid are mixed.
Acid is reported to be more available than rennet, thus acid prices are slightly lower.
Milk production in Europe is realizing a stronger than anticipated finish to the season, thus some casein producers are taking advantage of the additional volumes and generating additional stock for later use, especially for early next year. Oceania stocks continue to be reported as on track with previous projections.