Prices for dairy products showed a predominantly moderate upward trend in the period under review (12 months) - particularly for butter, cheese and whey. The market reacted to seasonal production cycles, global fluctuations at auctions (GDT), as well as logistical and geopolitical factors.
Butter
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Start (week 31/2024): € 710/100 kg
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End (CW 30/2025): € 740/100 kg
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Trend: Continuous increase due to export demand, especially in the 1st half of 2025
Skimmed milk powder (SMP)
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Start: € 230/100 kg
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End: 245 €/100 kg
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Trend: Fluctuating, recently under pressure due to rising EU stocks.
Whole milk powder (WMP)
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Start: 420 €/100 kg
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End: 435 €/100 kg
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Trend: Stable trend with slight upward impulses from South America and Asia.
Cheese
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Start: 360 €/100 kg
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End: 375 €/100 kg
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Trend: Solid development, supported by high domestic demand in the EU and stable export figures (in particular Italy, France, Germany).
Whey
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Start: 72 €/100 kg
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End: 82 €/100 kg
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Trend: Slightly rising - use in animal feed and foodstuffs ensures steady basic demand.
ZMP Live Expert Opinion
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Butter prices stabilize at a high level, also supported by vacation demand and export impulses.
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SMP and WMP show a differentiated picture: While SMP remains under slight pressure due to EU stock surpluses, WMP is benefiting from the revival in Asian demand.
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Cheese prices remain stable with a slight increase - no signs of excessive market saturation.
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Whey prices rise slightly - a niche product with a robust basis.