EU Wholesale Prices

Published 12 December 17

Rising milk production, combined with lower buying activity has pulled prices for dairy commodities down on European markets. Most buyers are reported to be sufficiently stocked for the remainder of the year. With prices weakening, they are likely holding off further purchasing in the hopes of seeing further drops in pricing as milk supplies rise seasonally.

EU butter prices continue to fall as they remain uncompetitive globally. Average prices however remain at historically high levels. The five-year average price for butter in EU markets prior to its recent strong performance is in the region of €3,300/tonne, about 37% lower than recent price levels.

Both skim and whole milk powder prices also fell in November, as did cheese prices, on average. A rise in Emmental prices partially offset drops in both Cheddar and Edam, while Gouda prices remained relatively stable. 

EU Wholesale Table

Please see text above and notes below.

EU_wholesale _graph

Please note that prices can vary markedly within each market sector: the prices above are intended to give a guide to trends in price changes, but the absolute values experienced in the market place may differ from those shown.