Record Butter Prices Hit Consumers Hard

Butter prices have skyrocketed to an unprecedented 2.39 euros per 250g pack. This new peak is 10 cents higher than the previous record set in the summer of 2022. The escalation is driven by several factors, including reduced milk volumes, lower fat content, and high seasonal demand, particularly during the Christmas period.

Additionally, declining numbers of dairy farms and cows in Germany are exacerbating the situation. Import reductions and increased demand for other dairy products like cheese also contribute to the surge.

Consumers are feeling the pinch, paying 41% more for butter in 2024 compared to 2020. The Ukraine war and the energy crisis have further strained the market. Despite a dip in prices in 2023, the upward trend has resumed, with future price movements remaining uncertain.