Once again, dairy markets remain largely subdued this week, although the period of major price drops seems to have eased.
Butter prices still fell by €80/t this week to reach €4,900/t, the lowest price in over two years.
It has been a remarkable fall for butter, given it was trading at over €7,000/t for most of 2025.
Cheese prices seem to have stabilised a bit this week, with no change in price for cheddar, although there are reports of increased demand for foil cheese and other softer cheeses. This could be to do with Christmas buying.
Either way, cheddar isn’t affected by increased demand just yet, but at least the price drops seem to have stalled.
It was more of a mixed bag for milk powders, with whole milk powder (WMP) continuing to drop, back €100/t to €3,325/t. This was in or around the average price for WMP in 2023, which hopefully suggests it has reached its lowest point.
Meanwhile, for skim milk powder (SMP), this is one of the few dairy ingredients to increase this week, with prices up by €65/t.
This indicates that demand for protein is a bit stronger than demand for fat, something that is seen in the whey concentrate markets too.
Overall, the European dairy markets are pretty bleak, with a bearish sentiment in all categories.
Looking at EU butter exports, while they are down 1% compared to 2024, sales to the US from the EU are up 15% for the first six months of 2025. Meanwhile, Chinese dairy imports are up in 2025, but casein imports are back.
Once again, dairy markets remain largely subdued this week, although the period of major price drops seems to have eased.
Butter prices still fell by €80/t this week to reach €4,900/t, the lowest price in over two years.
It has been a remarkable fall for butter, given it was trading at over €7,000/t for most of 2025.
Cheese prices seem to have stabilised a bit this week, with no change in price for cheddar, although there are reports of increased demand for foil cheese and other softer cheeses. This could be to do with Christmas buying.
Either way, cheddar isn’t affected by increased demand just yet, but at least the price drops seem to have stalled.
It was more of a mixed bag for milk powders, with whole milk powder (WMP) continuing to drop, back €100/t to €3,325/t. This was in or around the average price for WMP in 2023, which hopefully suggests it has reached its lowest point.
Meanwhile, for skim milk powder (SMP), this is one of the few dairy ingredients to increase this week, with prices up by €65/t.
This indicates that demand for protein is a bit stronger than demand for fat, something that is seen in the whey concentrate markets too.
Overall, the European dairy markets are pretty bleak, with a bearish sentiment in all categories.
Looking at EU butter exports, while they are down 1% compared to 2024, sales to the US from the EU are up 15% for the first six months of 2025. Meanwhile, Chinese dairy imports are up in 2025, but casein imports are back.
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