Have cheese prices bottomed out?

The declining butter market has been having a negative impact on cheese prices for a few weeks now. This sentiment may now end as butter prices appear to have bottomed out at $3.600 per tonne. This means that cheese prices are also seeking a bottom, although demand is still weak.

De high temperatures in various parts of Europe are causing a dip in milk production. This could also give the cheese market a positive incentive, but for the time being these signals are not visible.

Quotations
Based on the statements, the DCA foil cheese quotation will rise this week by €0,01 to €2,83 per kilo. This increase can be seen as a correction. The DCA quotation for Edam, on the other hand, decreases by €0,03 in to €2,73 per kilo.

This article is part of the subscription Boerenbusiness Milk & Feed Pro† In the coming period you can check the weekly cheese analysis of Boerenbusiness read for free for a limited time. 

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Wouter Job

Wouter Baan is editor-in-chief of Boerenbusiness. He also focuses on dairy, pig and meat markets. He also follows (business) developments within agribusiness and interviews CEOs and policymakers.

w.baan@boerenbusiness. Nl

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