More Commodities - Dairy Products

Butter: prices approach record levels

October 7, 2021 3:28 PM, Der AUDITOR
Play report as audio

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.

Is

View related articles

Go to the News Overview
Dairy Products
Sep 9, 2021
FRANKFURT/BRUSSELS. While milk deliveries continue their seasonal decline in Germany, dairies are confronted with an unexpected hype for table butter in the discounters. Retail sales are, by contrast, only picking up slowly throughout the USA. Ireland is offering highly competitive prices for butter. Demand has also shifted more towards China in the export market.
Dairy Products
Aug 19, 2021
FRANKFURT/BRUSSELS. It is still quiet on the butter market due to the holiday season, but market players report that activities are slowling picking up again. Contracts are already being concluded for the Q1 of 2022.
Dairy Products
Feb 11, 2021
FRANKFURT/BRUSSELS. Prices in the international butter market are drifting further apart as the EU and Oceania scramble to keep up with highly competitive US prices. Prices throughout the EU member states also differ widely. Meanwhile, the cold spell in Germany with Arctic temperatures is having implications for the dairy market.