DCA EU Cheese Index rises as Emmentaler Grated debuts
The DCA EU Cheese Index continued its upward trend this week, although at a considerably slower pace than last week. The index gained 16 points, compared with an 86-point increase the previous week. The main drivers were higher prices for Gouda and Edam foil cheeses. Demand for Mozzarella remains strong, although its benchmark price showed only limited movement. Naturally Ripened Gouda and Cagliata also recorded price increases.
This week also marks the first inclusion of the new DCA Benchmark Emmentaler Cheese Grated in the EU Cheese Index, alongside the established Emmentaler Cheese Sliced benchmark. DCA Market Intelligence introduced the new benchmark in response to demand from the European cheese market for separate price references for these two product categories.
The price difference between the two benchmarks highlights their distinct market dynamics. The first DCA Emmentaler Cheese Grated benchmark was assessed at €175 per tonne below Emmentaler Cheese Sliced this week.
The DCA EU Cheese Index comprises benchmark prices for ten major European cheese categories: foil-ripened Edam, foil-ripened Gouda, Mild Cheddar, Cheddar Curd, mozzarella, Frau Antje foil-ripened Gouda, naturally matured foil-ripened Gouda, Emmentaler, Maasdam and Cagliata.
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