More Commodities - Dairy Products

Butter: expensive gamble

May 24, 2022 at 10:20 AM, Der AUDITOR
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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

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FRANKFURT/BRUSSELS. As Europe is suffering from drought, especially in France, Italy and Germany, and the war in Ukraine continues there is little hope that costs will decline. EU butter production has already dipped by nearly 4% between January and April and negotiations are tough.