A calm cheese market can continue on for a while

Everyone at the cheese market has their own opinion. Selling parties are not prepared to turn this into a rat race to the bottom, but they also cannot prevent cheese prices from slowly declining. Buying parties, in turn, are not eager to contract large volumes for, for example, the third or fourth quarter. And in a market without much supply pressure and little demand, there is logically little for the trading houses to mediate.

The DCA quotation for Gouda cheese is at €3.820 per tonne at the lowest level since last autumn. Foil cheese prices are also falling further behind compared to Cheddar, which is better able to maintain its level. This is also a logical move, because foil cheese has been somewhat overvalued compared to other cheeses in recent months.

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The fact that customers remain covered for a short time is because they generally see little reason for prices to rise. After all, cheese provides the best valorisation of milk, so there is no need to worry about whether the required volumes will end up on the shelf. Especially because the milk supply is working towards the seasonal peak in May. The highest volumes are usually produced in the coming summer months. At the same time, sellers are also quite comfortable considering inventories are not excessive. The delivery ages for foil cheeses are increasing somewhat, but nevertheless remain low. In addition to Dutch producers, German producers also claim this.

As indicated, the cheese market excels in calm and many insiders expect this situation to continue in the coming summer months. There is slightly more activity on mozzarella, due to the start of the tourist season in the Southern European countries. But it doesn't amount to much. Cheddar could get a boost based on a tight supply from Ireland and the UK, but this will be offset by a wider supply from Poland.