Limited supplies in Germany
Retail demand is up for butter in Germany with table butter trading at EUR 5.00-5.34/kg at the Southern Butter and Cheese Exchange in Kempten. Milk deliveries have reached their seasonal low and only range 0.4% lower than last year according to Central Milk Market reporting agency ZMB. In France, however, deliveries range as much as 4.9% lower than last year. Fresh bulk butter supplies are limited and suppliers are drawing on frozen butter, which has caused bulk butter quotations to rise to EUR 4.65-4.80/kg in Kempten.