Volatility continues to be a major influencer in the dairy markets, with butter fluctuating more than a barrel of oil, according to Ornua trading specialist. Volatility continues to be a major influencer in the dairy markets, with butter fluctuating more than a barrel of oil, according to Ornua trading specialist. "Within dairy, butter has actually been the most volatile commodity in the world, even more volatile than even oil. Europe looks like milk production after being flat for the last six months will push on," says Mr Collins. "The key thing we will watch over the next few months is European milk production, particularly over the April to August period, which is the flush or peak period."

Source: Irish Independent April 13, 2019 05:03 UTC