Supermarkets announce cuts in butter prices

The price reduction comes just six days after Lidl, Aldi, SuperValu and Tesco said they dropped the price of their own-brand 2-litre carton of milk by 10c.

A number of supermarkets across Ireland have said they will be cutting the price of a 464g (1lb) block of butter by 40c from Thursday, May 4.

The move was first announced by Tesco on Wednesday, with the supermarket saying it will be pricing their 454g butter at €2.99, down from €3.39.