Procurement Resource provides latest prices of Cheese. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Get the latest insights on price movement and trend analysis of Cheese in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
The continuing Russian-Ukrainian geopolitical stance and the retaliatory sanctions by the west against Russia and Belarus created massive volatility in the global market. The dairy costs skyrocketed due to the rising costs of buying cattle, animal feed and farm labour. The record-breaking rise in milk prices has trickled down the other dairy products.
Amid the robust demand for butter, the available milk supplies were constantly diverted for butter production, causing the Cheese prices to inflate. The price of European Cheddar cheese went from 3384 Euro/MT in January to 4489 Euro/MT in June 2022. The cheese prices in Germany went from 4156 Euro/Mt in January to 5310 Euro/MT towards the end of June 2022.
In the US, dairy prices increased by 11.8% Y-O-Y basis, whereas milk and cheese prices increased by 15.9% and 8.7% Y-O-Y basis, respectively. These inflated prices are causing customers to make tough choices. With the available milk constantly being diverted for butter production, Canadian Cheese company Saputo raised their cheese prices multiple times in the year owing to capacity constraints. The cheese prices went from 3686 Euro/MT in January to 4562 Euro/MT in the US domestic market. The price trends of Cheese will continue to remain strong due to the constricted supply and robust end-user demand.
Cheese is a well-known dairy product that is extracted from milk and is prepared in a wide range of flavours, textures, as well as forms by coagulation of the milk protein casein. Generally, it is made up of or composed of proteins and fats.
|Industrial Uses||Processed food and fast food, Spread, Grilling and baking, Confectionery|
|Supplier Database||Fonterra Co-operative Group, Arla Foods Amba, Danone S.A, Kerrygold USA, Yorkshire Cheese, Unilever PLC, Nestle SA|
|Region/Countries Covered||Asia Pacific: China , India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland , Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
There are six essential steps in cheesemaking that are widely utilised. The production of cheese starts with milk, and these steps are milk acidification, coagulation, separation of curd along with whey, salting, shaping, and ripening the same to finally produce cheese.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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