Tridge summary
The global dairy market is experiencing a slight recovery from the price drop caused by the Covid-19 pandemic, with international butter prices averaging 3.50 euros per kilogram in September. This recovery is attributed to emergency storage intervention measures by the European Commission and increased global demand. Notably, Chinese imports of butter surged by 46% from January-July 2020, while the EU increased its shipments to China and other major importing countries by 31%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
After the fall in prices triggered by the health emergency for the containment of the Covid-19 pandemic, the world dairy market seems to be hinting at a timid recovery, although the factors of uncertainty linked to the second wave of coronavirus spread make forecasts particularly complex also on the short-term evolution.After the minimum touched in spring, international butter prices reached an average of 3.50 euros per kilogram at the end of September, following a constant trend of growth, thanks both to the intervention measures in favor of of storage introduced as an emergency by the European Commission, and to strong pressure from world demand. In particular, Chinese imports of butter increased by 46% in the period January-July 2020 and, ...
Source: ITIsmea
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.