EU Wholesale Prices

Published 10 April 19

In the EU, milk production is starting its seasonal uplift. Deliveries in recent months have shown some recovery and are now on par with last year’s levels.

Butter prices moved down during March. Demand was lacklustre as buyers are reportedly stocked for the short term. However, production remains strong ahead of the seasonal uplift in demand. Warmer weather has brought the first asparagus to market; a major driver of butter demand in some regions.  This may have softened the fall in prices.  

SMP markets were described as steady. While demand remains ample, few buyers were pressed to close deals with short term needs already met. The majority of production was contractual, which limited spot market activity.  With EU prices currently below Oceania’s, export interest remains active.

Meanwhile, WMP markets were mixed. The range of prices widened as conditions varied between countries. With prices in line with Oceania, increased export demand supported prices. Internal demand was steady, though stocks are reportedly tighter.

On average, cheese prices increased during March. However the price movement varied by product type. Edam and Gouda moved marginally over the month. Meanwhile Cheddar and Emmental increased more significantly, by 2% and 3% respectively.

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.