EU Wholesale Prices

Published 10 October 17

European wholesale markets saw a shift in September, with most products seeing some downward pressure, especially near the end of the month.

Butter prices did rise through most of the month, bringing the average price up by just under 8%. There was however a drop in pricing in the last week of the month, with most commentators putting this down to reduced demand. It is too early to say if this marked a shift in the trend or was only down to lower trade in the week.

Prices for milk powders both moved down in September. SMP continues to be discounted due to oversupply, and this was exasperated in the latter weeks of the month as we approached the end of intervention buying.

Cheese prices have been relatively stable, with the average across the varieties pulled up by Emmental prices rising through September. Both Edam and Gouda rose marginally while Cheddar prices remained unchanged on average.

Whey prices have dropped further in September, pulled down by both higher availability and lower powder pricing.

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.