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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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Dairy Products
Nov 4, 2021
FRANKFURT/BRUSSELS. Extortionate prices are taking their toll on the butter market. Prices are least attractive in Europe and EU exports have slumped, especially to Asia and Africa. In Germany it is simply crazy to buy bulk butter at present.
Dairy Products
Oct 7, 2021
FRANKFURT/BRUSSELS. EU average butter prices have hit levels last seen in March 2019. Prices in Germany are also approaching levels last witnessed in the record year 2018. Prospects are, in addition, mixed in the USA.
Dairy Products
Sep 9, 2021
FRANKFURT/BRUSSELS. While milk deliveries continue their seasonal decline in Germany, dairies are confronted with an unexpected hype for table butter in the discounters. Retail sales are, by contrast, only picking up slowly throughout the USA. Ireland is offering highly competitive prices for butter. Demand has also shifted more towards China in the export market.
Dairy Products
Aug 19, 2021
FRANKFURT/BRUSSELS. It is still quiet on the butter market due to the holiday season, but market players report that activities are slowling picking up again. Contracts are already being concluded for the Q1 of 2022.