Prices have been easing across all sectors since the summer and this has reduced pressure on buyers in the run up to the critical festive season. Butter has dropped significantly and is now around the €4250/ton mark.
While this is still a high price considering historical levels, the relief is still palpable for buyers as the outlook was looking extremely grim earlier in the year. There is talk of a significant amount of butter stocks across the EU which is gradually forcing the price down. However we won’t talk too soon on the butter price as nobody in the industry would be surprised to see this change in the New Year considering what has happened since Q1 2017.