- Whey powder prices in Europe remained firm in Q1’26, supported by steady food, nutrition, and feed-sector demand, though gains were limited by adequate regional supply.
- Feedstock availability stayed comfortable, as EU cows’ milk collection rose 4.6% year-on-year in Jan-Feb 2026, supporting liquid whey supply.
- Downstream buying remained regular rather than aggressive, with demand from bakery, dairy ingredients, animal feed, and nutritional products keeping the market stable.
Whey powder prices in Europe followed a firm trend in Q1’26, with prices at ~0.99 EUR/kg (Spot FD) in January and ~1.01 EUR/kg in February. Prices were ~5.79% higher quarter-on-quarter, while the January-to-February increase stood at ~3.34%, reflecting steady but controlled upward movement. Supply remained adequate as stronger milk collection and higher cheese production supported liquid whey availability, preventing any sharp shortage. Demand from food processing, nutrition, bakery, and feed applications stayed stable, which helped absorb supply without creating strong price spikes. The Iran war and Strait of Hormuz disruption added indirect cost pressure through higher freight, fuel, and insurance expenses, but did not directly disrupt European whey powder production.