Archive: Are steady wholesale butter prices a sign of recovery?

Published 21 October 14

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Weekly EU butter prices appear to have stabilised in the past week or so, even increasing marginally in some regions, while the latest GDT auction (15 October) results showed the average butter price increase 3.9%. Demand appears to be up as a few market commentators suggest that some manufactures are switching from other fat products to butter as a result of low prices.

This as well as the GDT auction overall increase, see here, are potentially a good sign for prices however, the outcome needs to be taken with a pinch (or a handful) of salt as more information in the coming weeks will allow for clearer picture of the market trend.