EU Wholesale Prices

Published 6 February 18

Rising milk production in the EU, combined with a seasonal dip in demand following the holiday season, has put further pressure on dairy product prices on wholesale markets. With the exception of butter, wholesale markets are weaker than in January 2017 when milk production was struggling to recover.

EU butter prices saw drops in the early part of the month, but stabilised through the month. Internal butter markets are viewed as being relatively well balanced, although with the seasonal production peak approaching, there remains some hesitancy in finalising forward sales.

Skim milk powder prices continue to fall on the back of ample supplies, but in a similar fashion to butter, stabilised in January after a small drop in the early part of the month. The move by the Commission to sell intervention stocks, along with seasonally rising milk production, is likely to keep prices depressed.

Whole milk powder prices also fell, although to a lesser extent. Trade is reported to be slightly higher, with signs of increasing demand. Small increases in prices were recorded in the latter part of the month. Whey powder prices remained stable.

Cheese prices fell on average, with both Edam and Gouda seeing drops of around 6% in January compared to December values. Emmental rose marginally in January while Cheddar prices were 2.5% lower on average than last month. 


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.