Protein hype and El Niño effect: Dairy products could soon become more expensive
The dairies want to push through higher prices for drinking milk, yogurt and quark - the climate in the tropical Pacific also plays a role in this.
The German dairy industry is expecting significant price increases for milk products, with the Milchindustrie-Verband (MIV) stating that they are "urgently necessary". The current milk price is around a quarter lower than last year and has reached a five-year low. Several factors are contributing to the expected price rise, including good sales of milk and dairy products, a decline in milk delivery due to droughts in Germany and Europe, and a predicted decrease in global milk supply due to the El-Niño effect.
The price of butter has already started to rise, with supermarkets and discounters increasing the price of own-brand butter by 14 cents to €1.19 in mid-September.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
