Spectator on facebook

Spectator on facebook

Prices of butter break records

The milk production is dropping, while people stop eating cheap margarine.

Illustrative stock photo(Source: SME)

The price of butter has steeply increased in the past few months and is currently breaking records.

Customers in shops may pay as much as €2.80 for 0.25 kilograms, while some eight months ago the price was about one half lower. Food producers warn that the price may continue increasing and exceed €3, the Sme daily reported.

A 125-gram cube of butter costs about €1.01, while last year it was only €0.84, according to the Statistics Office. Though they are not monitoring the prices of 250-gram cubes, the prices in shops indicate they are as high as €2.30-€2.80.

There are several reasons behind the increase. One of them is that in Slovakia and also other European countries less milk is being produced than in the past.

“If we compared it to last year, milk production in all Europe has dropped by 2.3 percent,” said Jana Holéciová, spokesperson for the Slovak Agricultural and Food Chamber, as quoted by Sme. “The butter in intervention warehouses was sold out, so its price went up.”

The imbalance in the market was caused mostly by the decision to abolish milk quotas two years ago. As a result, the market was flooded by milk from abroad and many producers had to close their business or decrease the number of dairy cows as they could not compete with cheaper milk from other countries. About 10 percent of producers disappeared from the Slovak market, Sme wrote.

Another reason is that people are not searching for cheaper margarines anymore and they prefer original butter. The third reason is summer, during which dairy cows produce less milk with less fat, Holéciová explained.

The Slovak Dairy Association expects the prices of dairy products, i.e. butter, cream and cheese, to continue increasing. The price of a 250-gram cube of butter may exceed €3.

“The prices may stabilise at the beginning of winter,” the association opines, as quoted by Sme.

It is not clear for now how retail chains will respond to the increase in butter prices, Sme reported.

Top stories

Gilden: Take the negative and make a positive from it Photo

The works of New York native, photographer Bruce Gilden, who has worked for five decades in the streets of the biggest cities, are on exhibit in the Kunsthalle (House of Arts) in Bratislava.

Bruce Gilden: Feast of San Gennero, Little Italy, 1984.

The ongoing struggle for a free and democratic Slovakia

The people of Slovakia deserve the credit for the remarkable progress that this country has made over the past twenty-five years, US ambassador writes.

Illustrative stock photo

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 24 and December 3, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Christmas Markets Bratislava

Robert Fico has lost the electoral magic he once had Plus

But his party can still bounce back if they do the things that make parties resilient.

Robert Fico claims that Smer won the regional elections because it is the party with the most chairs in regional councils.