More Commodities - Dairy Products

Butter: production dips

July 11, 2022 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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Dairy Products
May 24, 2022
FRANKFURT/BRUSSELS. Consumers are really confronted with a painful surge in prices as recent data shows. EU butter prices, for instance, soared by more than 70% in April as compared with last year. Dairy farmers are also reeling from high production costs. Although leading processors such as Kerry have stepped up support for farmers, the proposed scheme is a gamble at best.
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FRANKFURT/BRUSSELS. Consumers have not been deterred by high butter prices in Germany so far after several discounters including Aldi and Lidl raised prices in April. Although average EU butter prices range 70% higher than last year, this has failed to impress exports.
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FRANKFURT/BRUSSELS. No, discount supermarket chain Aldi did not play an April Fools’ trick on Friday by announcing that consumers in Germany will have to pay 30% more for butter. Trouble is that prices for milk and dairy products are skyrocketing, which is not only driven by inflation in general but also by the war in Ukraine. EU feed and energy costs have surged by 15% in the past four weeks as DG Agri and DG Energy report.