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EU BUTTER DROPPED SIGNIFICANTLY IN NOVEMBER

back to insight

November 25, 2022

1 mins read

The price of EU butter dropped significantly in November compared to October,
with prices declining continuously throughout the month. Key factors behind the
fall included traders looking to sell out of positions in order to generate
short financial market positions, and limited buying interest. However, it is
expected that the upcoming Christmas demand will add some seasonal buying
interest, which could support prices for the first two weeks of December. The
outlook after Christmas is mixed, as processors are expecting low demand
following the holiday period.

The assessment for Unsalted Butter EXW European Union [Mintec Code: J116] was
made at €5,625/mt, down €675/mt month-on-month on the 24th of November.





Topics: Dairy & Eggs
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Sandro Schulz
Sandro is a Pricing Analyst at Mintec.



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