Naturally Ripened Gouda pricing corrects, but remains more resilient

Naturally Ripened Gouda (NRG) prices corrected over the past year, yet the market told a more nuanced story. While higher milk output and weaker international demand weighed on Gouda prices overall, NRG proved notably more resilient than foiled Gouda, with lower volatility and a widening price gap between the two products. Structural constraints linked to maturation, inventory dynamics, and differentiated demand appear to have cushioned NRG against sharper shocks.