Producers miss out on golden opportunity
The producers have, in fact, missed a golden opportunity, as stockpiling only started shortly after lower prices were negotiated with the retailers. While the retailers are profiting from the sharp rise in consumer demand, the dairies are confronted with a mismatch between the low retail prices for table butter and a sharp rise in the prices for cream. Problem is that demand for cream, which is required for table butter production has surged. Traders have voiced their frustration over the effects of panic buying.