Commodity cheeses do not generally increase in price at the same rate as butter and SMP (skim milk powder) but continue to rise as the other dairy commodities peak in price and start to decline.
Stocks of cheese in ripening houses are reported to be lower than usual and it is likely that these stocks will be replenished for Christmas.
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Cheese and fresh milk products still have to catch up with returns from SMP and WMP (whole milk powder). With little growth in consumption within the EU, any expansion in cheese production is geared towards export markets.
Stocks of cheese in ripening houses are reported to be lower than usual and it is likely that these stocks will be replenished for Christmas. This has not happened in previous years as cheese producers stopped production in this period and milk had to be diverted to butter and SMP production. This often led to pressure on prices of industrial cream, skim concentrate, SMP and butter.
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Title: Commodity cheese prices expected to hold
Commodity cheeses do not generally increase in price at the same rate as butter and SMP (skim milk powder) but continue to rise as the other dairy commodities peak in price and start to decline.
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Cheese and fresh milk products still have to catch up with returns from SMP and WMP (whole milk powder). With little growth in consumption within the EU, any expansion in cheese production is geared towards export markets.
Stocks of cheese in ripening houses are reported to be lower than usual and it is likely that these stocks will be replenished for Christmas. This has not happened in previous years as cheese producers stopped production in this period and milk had to be diverted to butter and SMP production. This often led to pressure on prices of industrial cream, skim concentrate, SMP and butter.
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