Butter price increase August 2024

Purple said:
I do know that own brand Irish butter is the same product as branded Irish butter (82% milk fats and salted) so if you are buying the branded one you are just paying for the packaging.
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They have unsalted own-brand butter for sale, a different coloured wrapper,
 

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iamaspinner said:
454g Lidl own brand was €2.99 yesterday
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Is that how much you were actually charged? Or perhaps they still have old price displayed?

Tesco, Supervalu, Dunnes, ALDI all gone to €3.39 so it would be interesting if LIDL are keeping it at €2.99
 
Purple said:
I know what the shopping costs but I don't know what a litre of milk costs or a pound of butter. I do know that own brand Irish butter is the same product as branded Irish butter (82% milk fats and salted) so if you are buying the branded one you are just paying for the packaging.
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Yes , especially the fools who pay a premium for Kerrygold butter, not realising what the purpose/origins of the brand was and still is .

Last checked , Dunnes & Co were not in the business of producing any of butter, cheese milk, therefore punters are simply gifting away their cash when insisting on buying a packaged irish dairy product.
 
Kerrygold €4.95 in Tesco today - ouch.

£2.60 in Asda for 250g, so no savings if in the north
 
Dunnes & Lidl are both at 3.39 now so I presume they are all the same at this stage, got some of the 2.99 in Dunnes and fired into freezer but thought I might make it to Lidl before it was gone up there too. (Stocking up to make a wedding cake, not just for the savings on one block!)
 
Kerrygold is a brand of Ornua, formerly the Irish Dairy Board.

The IDB is owned by several dairy co-ops.

It used to be the case that several co-ops would make Kerrygold themselves.

Recently, Ornua centralised the production of Kerrygold in Co. Cork.

The co-ops now send their cream to this plant.


I know a guy who worked in butter production for a co-op.

They could make three brands: own-brand, their co-op brand, and Kerrygold.

Same cows, same milk, same butter, just at the end of the production line, different wrappers.
 
3.59 now for unbranded. President of the Irish Creamery Milk Suppliers Association (ICMSA), Denis Drennan, said fewer farmers, coupled with population growth, is leading to higher prices for consumers.
 
atrocious said:
said fewer farmers, coupled with population growth, is leading to higher prices for consumers.
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That might make sense if there was a direct correlation between number of farmers and herd size, but dairy herd size has increased slightly over the last three years. Fewer farmers (if that is the case) milking larger herds should see efficiency gains, so increases in costs are more likely to be related to input costs or the increased influence of co-op ownership. With 90-95% of dairy production being exported, the size of the Irish market shouldn't be that big a factor.
 
Also France blocking the EU mercursor trade deal with South America. This was highly contentious with irish farmers because it would allow South American agricultural produce into eu but now its probably not going ahead. The new environment of protectionism and tarrifs is very much here with trump
 
Price set to go higher.

Butter - Price - Chart - Historical Data - News

Butter increased 2,362 EUR/T or 42.65% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This page includes a chart with historical data for Butter.
tradingeconomics.com tradingeconomics.com

Currently at an all time high on the commodity market.

Time to spread thinly :D
 
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