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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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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.
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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.
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