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Butter: Brexit tensions impact dairy market

August 27, 2020 1:51 PM, Der AUDITOR
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FRANKFURT/BRUSSELS. The butter market in Germany is still dealing with the impact of the heatwave in August. EU butter production is up, but prices are not quite as competitive and market players are growing frustrated over the Brexit talks between the UK and EU.

Prices remain firm in Germany

The Butter and Cheese Exchange in Kempten reports that demand for cream and fresh products is up as the market is still impacted by the recent heatwave in August. Although this demand situation has driven up the prices for cream, bulk butter prices have plateaued in Germany over the last few weeks since trading is largely subdued. As the summer holidays are starting to end throughout the country, the market should revive soon. Although there are enquiries for shipments later in the season, contracts are not being concluded so far. Priva

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