One way travel for EU wholesale prices in May

Published 2 June 15

EU wholesale prices continued to fall through May as pressure from supply remains. Prices across most commodity products have seen week-on-week reductions, with only Cheddar seeing some resistance. Buyers are currently presented with some of the lowest prices seen for a number of years but are largely reserved about committing to a market under such supply pressure. Anecdotal commentary suggests milk production in the EU performed strongly through the peak, although now should largely be on the seasonal decline. This may help alleviate some of this pressure over the coming months, however, if global production continues around or above last years’ levels then this relief may be limited.

EU wholesale 02.06.15