28-07-2014 01:22 AM | France

Decline in EU wholesale dairy prices slows down

European dairy commodity markets have shown some signs of moderation in June and July according to DairyCo.

It says with the exception of cheese, the decline in prices has been considerably less than in the previous four months. According to the most recent data from the USDA, EU-28 commodity prices fell between May and June but have stabilised in the first two weeks of July. Average wholesale prices dropped by 0.5%, 0.8% and 2.2% respectively for butter, SMP and WMP. Cheese prices saw a greater drop, declining by 4.0% on average over the month.
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