Record high butter prices in North-Western Europe

Published 2024년 9월 2일

Tridge summary

Record prices for butter and cream in North-Western Europe as Christmas demand approaches, with the benchmark price of butter reaching 7,935 euros per tonne, a rise of nearly 300 euros this week, and cream price rising to 9,845 euros per tonne. This is due to the bluetongue virus outbreaks reducing milk production, leading to a sharp decline in milk production in infected countries, and high raw material prices from the ongoing conflict in Ukraine. Despite concerns, a drop in butter prices is not expected, and prices are expected to increase further due to seasonal demand.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The trading price of butter set a new record last week. The leading prices of butter and cream, which market bureau DCA Market Intelligence determines weekly for North-Western Europe, have made huge leaps upwards in recent weeks. With Christmas demand approaching, the top of the butter price market does not seem to have been reached yet. Due to the many bluetongue outbreaks in Europe, a lot of sentiment has crept into the dairy market. The so-called DCA benchmark price of butter rose by almost 300 euros this week to 7,935 euros per tonne. To give you an idea: the contents of a 25-ton lorry of butter are worth almost 200,000 euros. The previous record from 2022 has thus been broken. The DCA cream price is also rising rapidly and has climbed to 9,845 euros per tonne, almost 1,000 euros per tonne higher than the previous record from 2022. In that year, many raw material prices rose extremely high as a result of the war that had just broken out in Ukraine. Concerns about the ...

Source: Melkveebedrijf