Butter shortages abroad provide opportunities for dairy expansion

BUTTER shortages in Scandinavia, Russia and other parts of the globe suggest that Ireland’s long-term expansion strategy for the dairy sector is well founded, according to one Bord Bia expert.

Brian McNulty, the dairy ingredients sector man-ager with Bord Bia, said there are opportunities in these markets, which will be matched by more demand for butter and dairy products in other key markets.

While there has been some tightening in terms of the price being paid for butter in recent weeks, the longer forecast is positive.