Butter Oil Prices, Trends & Forecasts | Provided by Procurement Resource
In the first half of 2023, butter oil prices closely followed the trend of its feedstock, butter. Asian prices rose due to increased consumption in the post-lockdown world, driven by Chinese buying sentiments. European and American markets stabilized after last year's highs, as supply chains normalized and product availability increased, leading to lower prices. However, in later Q2’23, butter oil prices declined as supply outpaced downstream demand. Request for Real-Time Butter Oil Prices: https://www.procurementresource.com/resource-center/butter-oil-price-trends/pricerequest Definition Butter oil is a clarified form of butter, where the water and milk solids have been removed through a separation process. It is typically a golden-yellow liquid with a high fat content and a rich, buttery flavor. Butter oil is often used in cooking, baking, and as a flavoring agent in various food products. It offers the same characteristic taste of butter but with an extended shelf life, makin...