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Butter: prices drift further apart

February 11, 2021 9:12 AM, Der AUDITOR
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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.

US butter is highly competitive

The European commission recently issued an average EU butter price of EUR 3.54/kg, which is 2% down on last year but 3.3% up on prices observed four weeks ago. Prices are most expensive in Slovakia (EUR 4.86/kg), the Czech Republic (4.38/kg) and Estonia (EUR 3.66/kg) and Germany (EUR 3.66/kg). In France (EUR 3.50/kg), Spain (EUR 3.50/kg) and Poland (EUR 3.41/kg) prices range below the EU average. The cheapest offers are available in Ireland (EUR 3.33/kg) and Italy (EUR 3.30/kg).

While butter is trading higher in the EU and in

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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.
Dairy Products
Oct 7, 2021
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.