Bright outlook for butter

Outlook bright for butter

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Caroline Emond, International Dairy Federation director general

Caroline Emond, International Dairy Federation director general

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Butter consumption continues to rise

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A new international agricultural outlook has noted global demand for butter is expected to grow by more than two per cent a year in the next decade.

The OECD-FAO Agricultural Outlook 2018-2027 shows butter consumption will grow by 2.2 per cent annually.

Earlier this year, Jersey Australia called for price parity between butterfat and protein to reflect the current value of milk components.

International Dairy Federation director general Caroline Emond said the outlook showed dairy demand in developed countries had shifted towards butter and away from substitutes based on vegetable oil. 

“This trend can be attributed to a more positive health assessment of dairy fat and a change in taste,” Ms Emond said.

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