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Butter: EU in crisis mode

October 29, 2020 9:46 AM, Der AUDITOR
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FRANKFURT/BRUSSELS. Europe is in crisis mode as member states are forced to reinstate lockdowns and toughen up measures. Ireland has already imposed a new lockdown; France is about to do so as of Thursday and Germany as of Monday. This situation is largely impacting demand for butter. For Europe it is becoming increasingly difficult to compete in the international market.

Shift in demand in Germany

Germany will be imposing a lockdown for November on Monday to curb record infection rates. The food industry has been on the alert for weeks as it is impossible to plan over the next few months. Fact is that the catering industry is suffering. Restrictions that remained in place after the first lockdown in spring coupled with the reluctance of people to eat out has made it impossible for the industry to recover over the last few months. Restaurants, bars and cafes are now ordered to close again. However, it is possible to offer takeaways.

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