EU wholesale prices

Updated 08 July 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.

EU dairy commodity markets were quiet in June. Price movements were marginal, but generally positive.

After a jump in price at the end of May, butter prices eased back through June. Production was thought to be slightly ahead of demand, encouraging buyers to push for lower prices. Overall the price stayed higher than in May, leading to a 0.5% increase in the monthly average.

SMP prices were up a marginal 0.7% on the month, supported by a lift at the beginning of June that then eased slightly through the month. Internal-EU and export demand were both reportedly good, but by the end of the month the market was considered calm.

WMP markets were calm in June and the price was steady on the month. The market was reportedly steady, with most of the focus on contracts and existing orders.

The average cheese price was up a marginal 0.4% on the month in June. Edam performed best, rising 1.2% on the month. Cheddar and Gouda saw slight increases, up 0.5% and 0.7% respectively. Meanwhile, the Emmental price declined by a marginal 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.

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