EU wholesale prices
Updated 06 June 2021
An overview of how the dairy markets are moving in the EU. Price series comparing average EU wholesale prices of butter, SMP, WMP and cheese. They are updated on a monthly basis.
As of 1 February 2020 the MMO has changed its data reporting to EU (excluding UK), including historic data back to January 2016. For historic EU-28 prices up to Dec 2019, please download the spreadsheet using the link below.
Dairy product prices on EU markets continued to strengthen in May, with tighter supplies continuing to drive these increases. Poor weather conditions through the spring limited deliveries on the continent, with the spring flush falling below forecasted volumes.
Butter prices lifted in May, with prices increasing steadily throughout the month. Strong retail demand and increased export interest seen at the beginning of May is reported to be behind this increase.
Milk powder prices also firmed in May. SMP prices increased steadily throughout the month, resulting in a healthy increase on Aprils. WMP prices also lifted, though this was due to large gains at the start of the month, a result of strong export demand.
Prices for whey powder lifted on the month, although this was mainly due to an increase at the beginning of the month, with prices remaining relatively steady for rest of May.
On average, cheese prices also saw gains in May, with price trends varying by type. Gouda saw large increases at both the start and the end of the month to lift 3.0% on April. Edam rose steadily through the month to lift 1.9%. Cheddar saw a marginal increase of 0.8%, while Emmental was virtually unchanged on the previous month, dropping back just 0.3%.
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.