“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.”, — write: www.epravda.com.ua
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.
About this 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. notes Rzeczpospolita.
In Germany, the price increase made up 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 influenced the price increase is the increase in electricity and transportation costs in Europe, which leads to an increase in prices at all stages of production.
We will remind:
In October, the indicator of world food prices reached the highest level in the last 18 months, which was caused by a sharp increase in quotations for vegetable oils.