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Butter price skyrockets

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Butter_price_2017

Five year’s butter price development (source GDT)

The surge in dairy fat prices, which has taken butter values to record highs on some markets, could spark a ”fundamental market change” for milk processors, co-operative giant Arla Foods said, forecasting a continued dairy market revival.

Peder Tuborgh, the Arla chief executive, termed the rally in values of milk fats as the ”key driver of positive developments in the global [dairy] market”, which has seen values at GlobalDairyTrade auctions, for instance, rebound by 70% over the past year.

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Global Dairy Trade Butter Price

Updated: 31 augusti, 2017 — 11:24
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