War in Ukraine and the consequences in the supermarket: Before Easter, other groceries will become scarcer and more expensive
Created: 4/4/2022, 5:15 p.m
By: Magdalena von Zumbusch
Two other products could increase in price by Easter.
© Klemmer/dpa/symbol image
The supermarket chains have made many of their products more expensive in recent weeks.
According to experts, the prices for cheese and butter in particular will rise by Easter.
Munich – Consumers feel the direct effects of the Ukraine war not only at the gas station, but also in the supermarket.
All major German supermarket chains have raised their prices in recent weeks.
According to experts, cheese and butter in particular will become even more expensive by Easter.
War in Ukraine: Rising costs and demand at Easter – milk in short supply
Shopping in Germany's supermarkets is becoming more and more expensive.
The war in Ukraine is driving up energy costs, and in many cases commodity prices, and disrupting supply chains.
This also creates food shortages.
The dairies will probably receive even less milk this year than in the previous year due to the rising costs for energy, feed and fertilizer, the
Lebensmittelzeitung
predicts according to
watson.de
.
This trend can basically be observed throughout the EU, not only in Germany, but also in other parts of the world, particularly in New Zealand and the USA.
Milk production is currently falling worldwide, but especially in Europe and Germany.
In addition, increased demand is to be expected in the next two weeks until Easter, as people stock up for the upcoming Easter holidays.
Increasing demand with lower supply means with high probability rising prices.
Milk prices at their highest since 2013, according to Global Dairy Trend statistics
A look at the international price index for dairy products from the trading platform “Global Dairy Trade” also shows that prices are already at their highest level in recent years.
It is currently at its highest level since 2013 and a full 22 percent above the previous year's level.
The Global Dairy Trade website's price index shows the highest prices in the global dairy market since 2013. © Global Dairy Trade
Butter and cheese prices also reached record highs as a result
According to watson.de
, the Association of Milk Producers in Bavaria (VMB) has
observed that the demand for butter has recently increased.
The milk producers' association calculated average retail prices of around two euros for 250-gram packs.
Now the limit of 2 euros has even been exceeded: For the current month, consumers will have to pay an average of 2.09 euros for 250 grams of butter.
According to experts, there is also a risk of a noticeable price increase for cheese.
The Kempten stock exchange, which regularly publishes updates on the German milk market, reported rising prices and a very tight supply in a fact sheet dated 30 March.
For NRW, for example, the average price for Gouda was EUR 4.60 – 4.90, compared to EUR 4.50 – 4.80 in the previous week and EUR 3.00 – 3.25 in the previous year.
The price increase is therefore around 35 percent and corresponds to the average price increases for German milk products from the end of the previous year until now.
