More Commodities - Dairy Products

Butter: expensive gamble

May 24, 2022 at 10:20 AM , Der AUDITOR
Play report as audio

FRANKFURT/BRUSSELS. Consumers are really confronted with a painful surge in prices as recent data shows. EU butter prices, for instance, soared by more than 70% in April as compared with last year. Dairy farmers are also reeling from high production costs. Although leading processors such as Kerry have stepped up support for farmers, the proposed scheme is a gamble at best.

Kerry could do more

As the war in Ukraine continues and several states are currently involved in seeking ways to ship the new grain crops, which will start to arrive in June, there is not only little hope that millions of people will be saved from hunger but also that the costs for feed, fuel and energy as well as fertilisers will return to more normal levels in the near future. Milk deliveries remain below last year throughout Europe and farmers are confronted with high production costs coupled with a high degree of uncertainty.

This has prompted several pr

View related articles

Go to the News Overview
Dairy Products
Aug 24, 2023
KEMPTEN/BRUSSELS. While large parts of Germany are now witnessing a foreboding of autumn with rain and cooler temperatures, summers is still having an impact on the butter market. EU export have reached an absolute record in the first half of the year.
Dairy Products
May 25, 2023
KEMPTEN/BRUSSELS. Ridiculously low prices have prompted quite a twist in EU butter exports in March. Although shipments to the USA have almost doubled, Singapore has taken the lead for European exporters. Expectation is that the market will turn in Germany.
Dairy Products
Apr 6, 2023
KEMPTEN/BRUSSELS. Easter sales for butter have failed to meet expectations in Germany. The EU has, however, reported record exports.
Dairy Products
Jan 26, 2023
FRANKFURT/BRUSSELS. Butter manufacturers in Germany are far from amused with the current price trend. The slide has also continued in the EU and exports to China have declined by more than 30% between January and November 2022.