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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