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Butter: Aldi lifts prices by 30%

April 4, 2022 9:37 AM, Der AUDITOR
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FRANKFURT/BRUSSELS. No, discount supermarket chain Aldi did not play an April Fools’ trick on Friday by announcing that consumers in Germany will have to pay 30% more for butter. Trouble is that prices for milk and dairy products are skyrocketing, which is not only driven by inflation in general but also by the war in Ukraine. EU feed and energy costs have surged by 15% in the past four weeks as DG Agri and DG Energy report.

Prices skyrocket

Not only is Ukraine an important feed supplier for dairy farmers in the EU but Russia also stopped exporting fertilizers after the sanctions kicked in. Russia is an important supplier for chemical fertilizers. Rising wholesale prices have now prompted Aldi to announced sharp price rises for milk, butter, cheese and meat as well as other products as of 04 April as the German Press Agency (dpa) and local media report. Other discounters and supermarkets including Lidl, Edeka and Rewe will certainly follow.

Very limited supplies coupled with ver

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Dairy Products
May 24, 2022
FRANKFURT/BRUSSELS. Consumers are really confronted with a painful surge in prices as recent data shows. EU butter prices, for instance, soared by more than 70% in April as compared with last year. Dairy farmers are also reeling from high production costs. Although leading processors such as Kerry have stepped up support for farmers, the proposed scheme is a gamble at best.
Dairy Products
Apr 26, 2022
FRANKFURT/BRUSSELS. Consumers have not been deterred by high butter prices in Germany so far after several discounters including Aldi and Lidl raised prices in April. Although average EU butter prices range 70% higher than last year, this has failed to impress exports.
Dairy Products
Jan 28, 2022
FRANKFURT/BRUSSELS. Milk deliveries still range below normal levels in France and Germany. Prospects are far from encouraging as energy and feed costs continue to rise. This issue presents a problem for butter manufacturers, especially since international demand is high.