The next shortage is imminent: due to hamster purchases before Easter

Dairy products are about to become more expensive than they have been for many years.

Dairy products are about to become more expensive than they have been for many years.Image: imageBROKER / Manfred Bail

There is no end in sight for price increases in Germany’s supermarkets. The war in Ukraine is driving up energy costs, disrupting supply chains and creating food shortages around the world. Consumers feel the direct effects of the war not only at the gas station, but also in the supermarket. All major German supermarket chains have made many of their products significantly more expensive in recent weeks. According to experts, cheese and butter in particular will soon become even more expensive.

Because dairies will probably get even less milk this year than the year before due to rising energy, feed and fertilizer costs, “predicts “Lebensmittelzeitung”. This is not only the case in Germany, but also in other countries in the EU, also in New Zealand and the US Milk could soon become a scarce commodity globally, and not just in this country strong demand due to the current shortage of rapeseed and sunflower oil and the upcoming Easter holidays.

Due to the war, milk production is becoming more expensive and less affordable for many farms.

Due to the war, milk production is becoming more expensive and less affordable for many farms.Image: dpa center image / Patrick Pleul

And if demand increases but supply decreases, Consumers often anticipate rising prices. This is also shown by looking at the international price index for dairy products from the trading platform “Global Dairy Trade”. It is currently at the second highest level since 2013 and thus 22 percent above the previous year’s level.

Butter and cheese stocks are not big enough

After hamster purchases of sunflower and rapeseed oil are now Dairy products have become the focus of buyers, explains the Association of Bavarian Milk Producers (VMB). Consequently, the price of butter is currently above 7 euros per kilogram. On the supermarket shelf, a 250-gram piece of butter could be 25 cents more expensive in April and then cost 1.89 euros. In May, the price could rise to more than 2 euros and butter would then be more expensive than it has been for almost four years.

According to experts, there is also a risk of a notable increase in the price of cheese. There are already frequent supply bottlenecks because demand clearly exceeds supply. Stocks in cheese maturing warehouses are not large enough to meet the increased demand, reports the Kempten Stock Exchange, which regularly publishes updates on the German milk market.

(nick)

Other countries in Europe have already relaxed, Germany is still a bit hesitant: Actually, from April 2 at the latest, all Corona rules should also be abolished here. A so-called “basic protection” should come into force and replace the obligation to wear masks, access restrictions and other measures.

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