European cheese markets showed diverging trends in week 46, with overall sentiment still positive on strong demand and limited spot availability. Gouda and Edam extended their gains, Cagliata posted the strongest weekly increase, and the Cheddar complex was broadly stable.
Emmentaler Grating benchmarks closed at €3,680 on launch day, with Emmentaler Slicing at a 4.5% premium.
Tight spot cheese supply and firm demand point to continued strength in European dairy prices, which can support demand for dairy-based feed ingredients and milk products. The moves are routine price commentary with no new policy or supply shock.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.