There isn’t much in the way of good news in the dairy markets these weeks, with further price drops across the board.
For key products such as butter, the price fell by €125/t to €5,310/t, reversing the slight gains in the market experienced the week before last.
For cheddar cheese, the price fell by €100/t to €3,755/t, which is back to where cheddar was for most of 2023. Whether this means that it can’t drop any further remains to be seen.
Powders are also under pressure, with both whole milk powder (WMP) dropping by €150/t and skim milk powder (SMP) dropping by €45/t.
According to DCA Market Intelligence, the price of other cheeses such as gouda and edam, which are made by Tirlán at the newly built Kilkenny Cheese plant, are back about €1,000/t, or 25% since the start of August.
It’s a signal of how much the market has shifted over that time.
The futures markets for dairy products are not really giving any good news either, although the market is indicating price increases for butter and SMP as we move into 2026.
It’s been a pretty horrid couple of weeks on the dairy markets, with the reasons for this largely down to relaxed buyer sentiment due to a big increase in dairy production.
The scale of the increases are outlined on pages 30 and 31, whereby early indications are that milk supply in the main producing countries in the EU is currently up about 5% week on week compared to this time last year.
At the GDT pulse auction, prices for WMP fell by €86/t to €3,178/t.
There isn’t much in the way of good news in the dairy markets these weeks, with further price drops across the board.
For key products such as butter, the price fell by €125/t to €5,310/t, reversing the slight gains in the market experienced the week before last.
For cheddar cheese, the price fell by €100/t to €3,755/t, which is back to where cheddar was for most of 2023. Whether this means that it can’t drop any further remains to be seen.
Powders are also under pressure, with both whole milk powder (WMP) dropping by €150/t and skim milk powder (SMP) dropping by €45/t.
According to DCA Market Intelligence, the price of other cheeses such as gouda and edam, which are made by Tirlán at the newly built Kilkenny Cheese plant, are back about €1,000/t, or 25% since the start of August.
It’s a signal of how much the market has shifted over that time.
The futures markets for dairy products are not really giving any good news either, although the market is indicating price increases for butter and SMP as we move into 2026.
It’s been a pretty horrid couple of weeks on the dairy markets, with the reasons for this largely down to relaxed buyer sentiment due to a big increase in dairy production.
The scale of the increases are outlined on pages 30 and 31, whereby early indications are that milk supply in the main producing countries in the EU is currently up about 5% week on week compared to this time last year.
At the GDT pulse auction, prices for WMP fell by €86/t to €3,178/t.
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