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Butter: EU prices to become more competitive

December 3, 2020 11:34 AM, Der AUDITOR
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FRANKFURT/BRUSSELS. Market players in Europe are highly excited about recent price developments in New Zealand. Although the run-on supermarkets failed to drive up turnovers in line with expectations, butter is a noted exception in the EU. Global production estimates are highly encouraging for 2020.

Encouraging outlook in Europe

Market players in Europe are taking their cue from the Global Dairy Trade. With butter prices quoting higher this week at USD 3,986/mt, they are nearing European prices, which the USDA recently quoted at USD 4,119/mt. Suppliers are highly optimistic that they will be able to better compete in the international market. Weekly average EU butter prices have recently declined to EUR 4.47/kg and range 4% lower than one year ago. Christmas sales are different in the EU this year. Paket butter sales usually peak in the weeks before Christmas a

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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.
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FRANKFURT/BRUSSELS. Prices in the international butter market are drifting further apart as the EU and Oceania scramble to keep up with highly competitive US prices. Prices throughout the EU member states also differ widely. Meanwhile, the cold spell in Germany with Arctic temperatures is having implications for the dairy market.
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FRANKFURT/BRUSSELS. Although export demand is strong, EU butter prices still fail to compete with prices in the US. Average EU butter prices, nevertheless, range 5% lower than last year. Germany has witnessed a recent hike in demand.