Butter goes up in Germany
In Germany, the butter prices have, after an increase in May, seen sharp increases again at the beginning of June. In the butter price growth segment, a record level was achieved, according to Agrarmarkt Informations-Gesellschaft (AMI).
In the runup to the start of new contracts between dairies and food retailers on a much higher price basis, certain pre-emptive effects have arisen. Higher dairy levy prices has immediately been passed on to the German consumers from parts of the food retail trade. This resulted in a price jump of €0.20 for butter at leading suppliers in the first few days of June. A 250g pack of branded butter currently costs €1.49.
