Cheese has experienced a significant price increase of 0.73 USD/LBS, rresenting a 46.73% rise since the start of 2024, according to trading data from a contract for difference (CFD) that reflects the benchmark market for this commodity. In historical context, prices peaked at an all-time high of 2.59 USD/LBS in July 2020.
Looking ahead, market analysts anticipate that cheese will stabilize at around 2.23 USD/LBS by the end of this quarter, based on global macroeconomic models. In addition, projections suggest that the price could increase to 2.36 USD/LBS over the next 12 months.