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Butter: January remains strong

January 28, 2021 at 11:43 AM, Der AUDITOR
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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.

January hike to persist in EU

Although average EU butter prices are quoted nominally higher by the EU Commission at EUR 3.45/kg, they range 5% lower than last year. Analysts, nevertheless, reckon that prices will continue to rise on the back of strong export demand and limited milk production. Prices range lowest in Italy at EUR 3.25/kg and highest in Slovakia at EUR 4.66/kg.

Average prices in Ireland are EUR 3.34/kg and in France 3.41/kg. World butter prices are still most attractive in the US. Although US butter prices gained nominally by 0.5% in January,

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