Dairy trends

There was a return to stability in the butter market this week, while prices for most other commodity types increased, writes Aidan Brennan.

Butter has broken the 2022 record in Europe and all other dairy commodities are flying, writes Aidan Brennan.

The prices being paid for butter have surpassed the 2022 peak price and further gains over the coming weeks are expected.

It was another very positive week on dairy markets, with price increases on the GDT auction and in Europe, writes Aidan Brennan.

Butter is leading the charge in the European dairy scene, with price rises of €575/t over the last four weeks.

European butter prices shot up this week, while the Global Dairy Trade auction showed another mildly positive result.

Cheese prices fell by a shade this week, while butter increased by €70/t as supplies dip, writes Aidan Brennan.

The European market is quite as traders take a holiday, but talk of surplus milk powder in China is likely to have a knock-on effect.