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Butter always more expensive: Price before new record?
Economy
Number of dairy cows and dairy farms has been declining for years; Farmers suffer from drought and high costs; Limited availability of milk fat drives butter prices to record levels.
2024-08-30 17:55:08
Business
Economy
Food
Butter Prices Soar to Record Highs Amid Decreasing Dairy Production
Image used under license from Shutterstock.com
As dairy cow and farm numbers decline, farmers face hardships from droughts and high costs. The scarcity of milk fat causes butter prices to surge to unprecedented levels.
Industry experts predict further increases due to low milk volumes, reduced fat content, and high cheese demand. Retailers like Aldi Nord, Lidl, and Rewe may raise prices, with no relief in sight according to the milk industry.
Wholesale prices already surpass 2022 records, hitting up to €7.95 per kilo. Consumers should brace for more hikes as producer costs are passed down, reflecting the challenges in dairy production and impacting butter availability and costs in the market.
The press radar on this topic:
Tagesschau - Wirtschaft und Börsen-Nachrichten
Cost of Food Butter Prices Rising Towards Record High
Environment
Economy
Butter prices are rising to record levels; decline in dairy cows in Germany; fat shortage in milk; impact on cheese and cream yogurt.
n-tv.de
Raw materials are scarce: Butter could become even more expensive - n-tv.de
Economy
Finance
Butter could become more expensive: Lower milk volumes, lower fat content and high cheese demand are leading to a butter shortage and price increases. Wholesale prices are reaching record levels, and the retail trade will decide on the final consumer prices.
gmx
Butter prices could continue to rise
Economy
Butter prices are rising due to declining milk volumes, lower fat content in raw milk, and high demand for other dairy products such as cheese. The import volume of butter has declined significantly.
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