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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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Dairy Products
Sep 27, 2022
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.
Dairy Products
Jul 11, 2022
FRANKFURT/BRUSSELS. As Europe is suffering from drought, especially in France, Italy and Germany, and the war in Ukraine continues there is little hope that costs will decline. EU butter production has already dipped by nearly 4% between January and April and negotiations are tough.
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.