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Butter: production dips

July 11, 2022 at 9:39 AM , Der AUDITOR
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FRANKFURT/BRUSSELS. As Europe is suffering from drought, especially in France, Italy and Germany, and the war in Ukraine continues there is little hope that costs will decline. EU butter production has already dipped by nearly 4% between January and April and negotiations are tough.

Dairy market takes a breather

Any yet, the dairy market is presently taking a breather. Table butter sales in Germany, for instance, reached normal levels in July and dairies raised their prices a bit at the start of the month prompting quotations at the Southern Butter and Cheese Exchange to Kempten to rise slightly to EUR 7.22-7.60/kg. Nevertheless, sales have slowed with the summer holidays starting in many parts of the country. Bulk butter quotations, by contrast, declined a bit to EUR 7.04-7.15/kg in Kempten as it is difficult for suppliers and buyers to reach

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KEMPTEN/BRUSSELS. While large parts of Germany are now witnessing a foreboding of autumn with rain and cooler temperatures, summers is still having an impact on the butter market. EU export have reached an absolute record in the first half of the year.
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