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Butter: EU dairy market recovers surprisingly fast

October 1, 2020 2:04 PM, Der AUDITOR
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FRANKFURT/BRUSSELS. The EU notes continued large disruptions for the butter market and for other dairy products as recessions will hit, tensions are escalating over Brexit and the possibility of Donald Trump being re-elected as US president give rise to concerns.

Subdued trading in Germany

Trading is largely subdued in Germany’s bulk butter market with prices hovering around EUR 3.50/kg EXW at the Butter and Cheese Exchange in Kempten. Although there are enquiries for spot market purchases, producers refuse to issue prices for the first six months in 2021. As the prices for cream are relatively high churning is low.

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