More Commodities - Dairy Products

Butter: climate and energy crisis spell disaster

August 25, 2022 at 12:02 PM, Der AUDITOR
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FRANKFURT/BRUSSELS. Butter producers are growing increasingly worried over the continuing war in Ukraine, the energy crisis and the persistent drought in Europe.

Rough times ahead for EU dairy industry

According to the Butter and Cheese Exchange in Kempten demand for table butter is normal. The great unknown, however, is how consumers in Germany will react to rising prices as soon as the summer holiday season is over in September. Consumers are already turning to lower-priced alternatives and demand for margarine is up. Trading has revived for bulk butter as several buyers require stocks for autumn and winter. Problem, however, is that negotiations are difficult, and quotations have remained firm in Kempten at EUR 6.90-6.98/

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FRANKFURT/BRUSSELS. Butter manufacturers in Germany are far from amused with the current price trend. The slide has also continued in the EU and exports to China have declined by more than 30% between January and November 2022.
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FRANKFURT/BRUSSELS. Retailers are busy refilling their shelves with butter as pre-Christmas demand has finally kicked in. Suppliers are, however, not quite content with this year’s demand. EU exports could be a lot worse.
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FRANKFURT/BRUSSELS. With consumers about to spend more time indoors as the weather is switching to autumn the EU dairy industry is closely monitoring the impact of the energy crisis and inflation on milk, cream and butter.