In EU countries, butter prices have increased by 50%

Published 2024년 11월 12일

Tridge summary

EU wholesale butter futures have experienced a 49.5% surge since 2024's start, peaking at an all-time high of €8,150 per tonne in September, as reported by Trading Economics. This price hike is attributed to a combination of factors, including a decrease in European milk production due to drought and the bluetongue epidemic, which have diminished cow productivity and led to reduced herd sizes. Furthermore, the price increase is exacerbated by rising electricity and transportation costs across the continent, impacting various stages of butter production. Poland and Germany have seen significant price jumps, with Poland's butter price soaring by 40% and Germany's by 39.7%, contributing to record-high prices for butter in both countries.

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Original content

EU wholesale butter futures have risen 49.5% since the start of 2024, reaching an all-time high of €8,150 per tonne in September. This is reported from Trading Economics data. In Poland, since the beginning of 2024, the price of butter has risen by 40% to 8 zlotys for a standard package, and closer to the holidays, the price may rise to 10 zlotys, Rzeczpospolita notes. In Germany, the price increase amounted to 39.7% since the beginning of the year and reached a record level: a 250-gram package of butter costs from 2.39 euros in supermarkets. It is reported that the increase in the price of butter is caused by a reduction in milk production in Europe. The problem turned out to be drought, which reduced the availability of forage, resulting in reduced cow productivity. Some dairy herds in Europe were also affected by the bluetongue epidemic, which not only limited milk production, but also in some cases forced farmers to reduce herds. Another factor that contributed to ...

Source: Epravda