New Zealand’s Butter Prices Surge, Prompting DIY Churning
New Zealand, renowned as the world’s leading dairy exporter, is grappling with a domestic butter price surge of 65% over the past year, elevating the average cost of a 500g block to NZD $7.42. This escalation is attributed to global supply constraints and robust international demand, particularly from Asia and the Middle East, which have […]
Butter prices start to fall after wholesale milk prices ease
The price of own-label butter is starting to fall, according to The Grocer’s analysis of Assosia data. Eight own-label lines have seen price drops over the past four weeks across Asda, Morrisons, Sainsbury’s, Tesco and Waitrose. Standout fallers included a Sainsbury’s Salted British Butter line (500g), which saw a price drop of 20p (or 6%) to £3.35. Sainsbury’s, Morrisons and […]
Butter Climbs to a Record High, Possibly Due to an Overcorrection
The following is from Lee Mielke, author of a dairy market column known as “Mielke Market Weekly.” Butter set a new record high to start October and cheese was mixed. The CME Cheddar blocks fell to $1.68 per pound last Wednesday, lowest since July 19, but closed last Friday at $1.7025, 1.75 cents lower on […]