After rising to record highs of €7,000/t in September, butter prices across Europe fell sharply in the back end of 2017 to finish the year almost exactly where it started just above the €4,000/t mark. The exceptional rise in the price of butter in 2017 was only matched by the speed with which prices fell back to earth since October.

However, dairy farmers will be encouraged to see that butter prices in Europe seem to be to stabilise around €4,000/t following the sharp correction. Spot prices reported this week across Europe range from €3,800/t to highs €4,100/t. Cream supplies in Europe are reported as tighter with cream prices rising slightly over the last week.