EU: The price of butter has risen more than 50% in a year

EU dairy prices rose again in February. Current price levels for most products are at or very close to their highest levels in the last 10 years. Butter is approaching the record of €6,482/ton reached in September 2017, according to the report prepared by the British interprofessional AHDB. Prices in February for butter and powder have risen between 53 and 66% compared to the prices of February 2021. This significant increase contrasts with the behavior of the prices paid to farmers, which although they have risen, have done in a much smaller percentage. According to data from the EU Dairy Observatory, the price paid to the Spanish farmer in February 2022 was 36.02 cts/kg compared to 32.82 cts/kg a year ago, which represents a rise of 10 %. As can be seen in the attached table, the price of butter increased by 3.3% in February compared to January due to lower availability. The price in February is 66% higher than that of a year ago. Demand has dropped a bit due to high prices. ...