November 5, 2020 12:44 PM
Editorial content from Der AUDITOR
Dairy products / milk powder

Butter: run on supermarkets

FRANKFURT/BRUSSELS. Retail demand for butter is currently exceeding expectations in Germany. Consumers have started baking for Christmas, while the country has entered a lockdown light. The situation is, however, different for bulk butter.

 

This report contains:

- a short market update on the EU
- the latest market prices
price chart butter, EXW Poland
price chart, butter, EXW, Germany
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Here you see a picture of a current news from Novella Agri.
Der AUDITOR
Editorial content
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Butter: prices drift further apart
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.
2/11/21
Butter: January remains strong
FRANKFURT/BRUSSELS. Although export demand is strong, EU butter prices still fail to compete with prices in the US. Average EU butter prices, nevertheless, range 5% lower than last year. Germany has witnessed a recent hike in demand.
1/28/21
Butter: unusual start to the year
FRANKFURT/BRUSSELS. Although retail demand for butter has compensated for much throughout Europe in recent months, the start to the new year is not quite normal. In Ireland and Germany it is, for instance, reported that milk prices are firmer than usual. Exporters in the UK are, meanwhile, struggling with post-Brexit paperwork.
1/15/21
Butter: EU prices to become more competitive
FRANKFURT/BRUSSELS. Market players in Europe are highly excited about recent price developments in New Zealand. Although the run-on supermarkets failed to drive up turnovers in line with expectations, butter is a noted exception in the EU. Global production estimates are highly encouraging for 2020.
12/3/20
Butter: market proves more resilient this time round
FRANKFURT/BRUSSELS. Although it looks as though tougher lockdown measures will be implemented in Germany, the bulk butter market is evidently learning how to deal with the pandemic. The second coronavirus wave continues to have a strong hold on Europe with implications for the butter market.
11/25/20
Butter: EU in crisis mode
FRANKFURT/BRUSSELS. Europe is in crisis mode as member states are forced to reinstate lockdowns and toughen up measures. Ireland has already imposed a new lockdown; France is about to do so as of Thursday and Germany as of Monday. This situation is largely impacting demand for butter. For Europe it is becoming increasingly difficult to compete in the international market.
10/29/20
Butter: EU dairy market recovers surprisingly fast
FRANKFURT/BRUSSELS. The EU notes continued large disruptions for the butter market and for other dairy products as recessions will hit, tensions are escalating over Brexit and the possibility of Donald Trump being re-elected as US president give rise to concerns.
10/1/20
Butter: Brexit tensions impact dairy market
FRANKFURT/BRUSSELS. The butter market in Germany is still dealing with the impact of the heatwave in August. EU butter production is up, but prices are not quite as competitive and market players are growing frustrated over the Brexit talks between the UK and EU.
8/27/20
Butter: new reality changes consumer behaviour
FRANKFURT/BRUSSELS. While large parts of Europe were struggling with a heatwave last year, things are totally different this summer. Living with the new reality of the pandemic has an enormous impact on butter and dairy consumption.
7/16/20
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