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Butter: sustained run on EU supplies

August 24, 2023 at 12:18 PM , Der AUDITOR
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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.

Negotiations underway in Germany

Demand has revived again for table butter as most consumers have returned from the summer holidays. Retail negotiations are also underway behind closed doors. Quotations remain firm at EUR 4.64-4.80/kg (USD 5.04-5.21/kg) at the Southern German Butter and Cheese Exchange in Kempten. Yet, the situation is a bit different for bulk butter as the summer break is still having an impact and only few offers are available with negotiations frequently ending without agreements. Cream price fluctuations will also have an impact, for which price

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