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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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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.