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Butter: at a crossroads

November 9, 2023 at 11:16 AM , Der AUDITOR
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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.

Buyers prefer to wait

In recent days the weather has turned increasingly cold in Germany and retailers are well prepared to meet the expected upsurge in demand for butter with Christmas approaching. High demand has, in fact, driven table butter quotations up to EUR 5.64-5.84/kg (USD 6.03-6.25) at the South German Butter and Cheese Exchange in Kempten. With cream prices ranging high it has been unattractive for dairies to churn fresh butter in recent weeks and frozen bulk butter supplies are dwindling. Although buyers prefer to wait, bulk butter quotations have surge

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KEMPTEN/BRUSSELS. Cold weather conditions are failing to stimulate demand for cream in Germany, but the situation is a bit different for butter. EU exports to the US have declined notably in 2024.
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KEMPTEN/BRUSSELS. In Germany the bulk butter market has reached a turning point. EU butter exports range lower than last year and EU butter production dipped.
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KEMPTEN/BRUSSELS. Butter manufacturers are gearing up for Easter in Germany. EU exports witnessed a record-breaking year in 2023. EU butter is highly competitive in the global market, despite internal quotations being on the rise.
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KEMPTEN/BRUSSELS. Contrary to expectations demand for butter is surprisingly strong in Germany. EU exports are still experiencing a record high, whereas EU quotations range on a less welcome level.