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Butter: industry gears up for difficult winter

September 27, 2022 at 9:15 AM, Der AUDITOR
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FRANKFURT/BRUSSELS. With consumers about to spend more time indoors as the weather is switching to autumn the EU dairy industry is closely monitoring the impact of the energy crisis and inflation on milk, cream and butter.

Expensive cream

Euro zone annual inflation, in fact, hit another record of 9.1% in August according to a flash estimate issued by Eurostat, the EU’s statistical office. Consumer prices have been on the rise since November 2021 and have now hit record after record in the past nine months. While energy accounts for 38.3% of inflation, it should also be noted that food, alcohol and tobacco contributed 10.6%.

These high prices are not only affecting consumer behaviour but also dairy farmers, who find themselves confronted with high energy and feed costs. A

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