Dairy prices are likely to continue to rise significantly

Updated 6/21/2022 3:32 PM

  • Dairy products are expected to become significantly more expensive in the coming months.
  • The price of butter, for example, has already risen significantly.

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Consumers will have to contend with significant price increases for numerous dairy products in the coming months. “In the end, I personally expect higher food prices across the board, particularly in the milk sector,” said the president of the State Dairy Industry Association of North Rhine-Westphalia, Hans Stöcker on Tuesday. He assumes this will become visible on the shelves in the second half of the year.

For milk and dairy products in the lower price range, there are no longer uniform key dates and terms for new supply contracts between individual dairies and distribution chains. “At the moment, however, we are seeing in the market that prices are rising at different rates,” explained Stöcker.

The price of butter has already risen rapidly and significantly

The price of butter has already risen rapidly and very rapidly. This also suggests that there are new contracts with higher titles for other dairy products and these have not yet been implemented in the market.

The fact that individual dairies have already raised payment prices for milk producers to 50 cents and more per kilogram of raw milk also indicates new contracts with higher deals.

Read also: Does milk really make people more beautiful? The biggest myths under control

In the past, the industry had deadlines of May 1 and November 1 for half-yearly supply contracts for milk and numerous dairy products in the lower price range. The retail chains have therefore changed the terms of their contracts.

The price paid to farmers rose to an average of 43 cents per kilogram of raw milk in the first four months of the current year, as reported by the state association on the situation in North Rhine-Westphalia. (dpa / sx)

Many people believe that whole milk can lead to obesity due to the higher fat content. For this reason, many parents also prefer skim milk when breastfeeding their children. An Australian study has now cleared up some biases.

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