Tight milk supplies in EU leads to record cream price

Published 2024년 11월 9일

Tridge summary

The European dairy market is experiencing high prices due to tight milk supplies, leading to dairy sector shortages. DCA Market Intelligence reports that its cream price index for north-west Europe reached a record high of €10,155/t, driven by demand for cream and full-fat dairy products, and limited milk supply due to various factors. Factors contributing to the limited supply include the conflict in Ukraine, closure of dairy farms, and seasonal factors. It is uncertain if cream prices will continue to rise, but they are expected to drop sharply after late November due to holiday-related "broken trade weeks," although milk production in north-west Europe is expected to recover soon.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Prices in the European dairy market remain high as the holiday season approaches, and DCA Market Intelligence reports that its cream price index for north-west Europe surged to a record high on Thursday, surpassing the €10,000/t mark. This historic milestone is largely attributed to the tight milk supplies within the European Union, leading to shortages across the dairy sector. As a price reporting agency (PRA), DCA Market Intelligence provides the agri-food industry with independent benchmark prices, market data, and insights. The agency publishes weekly price indices for 25 dairy products, including milk powder, cheese, mozzarella, butter, and cream. Cream is a highly sought-after ingredient in the industry, used as a base for products such as butter, ice cream, cheese, whipped cream, coffee cream, and pastries. Alongside the processing demand, consumer preference for full-fat dairy products like cheese is also rising. Cream price Cream prices had been nearing the €10,000 mark ...

Source: AgriLand