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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
Nov 30, 2023
KEMPTEN/BRUSSELS. Manufacturers in Germany are overwhelmed by the strong retail demand for butter at the start of the Christmas season. EU exports retained their record strength in September.
Dairy Products
Nov 9, 2023
KEMPTEN/BRUSSELS. Butter has enjoyed highly attractive prices in the EU and exports are up. Rates may still range lower than last year but are currently deemed expensive.
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Oct 12, 2023
KEMPTEN/BRUSSELS. Unusually warm weather prevails in many western European countries and autumn is slow to set in. This ties in with the unusual weather patterns witnessed throughout the EU in spring and summer, with unusually cold and wet conditions prevailing in some parts of the bloc and drought and heat in other parts. EU dairy production has, however, proved remarkably resilient this year and butter is performing really well in the global market.
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KEMPTEN/BRUSSELS. While large parts of Germany are now witnessing a foreboding of autumn with rain and cooler temperatures, summers is still having an impact on the butter market. EU export have reached an absolute record in the first half of the year.