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Butter: prices approach record levels

October 7, 2021 3:28 PM, Der AUDITOR
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FRANKFURT/BRUSSELS. EU average butter prices have hit levels last seen in March 2019. Prices in Germany are also approaching levels last witnessed in the record year 2018. Prospects are, in addition, mixed in the USA.

Buyers put off from cream

The year 2018 came as shock to market players in Germany with prices hitting unprecedented levels and forcing them to adapt a new highly volatile butter market, which rendered planning much more difficult. Bulk butter prices have surged in recent weeks and are back on track to the levels last witnessed three years ago when prices reached a historic high of EUR 5.75/kg EXW Germany. Although prices presently still range a far way off this level at EUR 4.50/kg, it should be noted that such a level was last witnessed in January 2019.

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Dairy Products
Jan 14, 2022
FRANKFURT/BRUSSELS. Although milk deliveries are unusually low in many producing countries, the current market situation does spell some good news for butter manufactures. Prices in Europe are, however, exceptionally high. This has impacted EU exports.
Dairy Products
Dec 9, 2021
FRANKFURT/BRUSSELS. The price hike for butter and other dairy products continues in Europe as buyers are confronted with low supplies. Supplies are, in fact, the issue as milk deliveries dip to their seasonal low. Customers are trying to secure contracts that run until well beyond the next six months.
Dairy Products
Nov 4, 2021
FRANKFURT/BRUSSELS. Extortionate prices are taking their toll on the butter market. Prices are least attractive in Europe and EU exports have slumped, especially to Asia and Africa. In Germany it is simply crazy to buy bulk butter at present.