Quick Take — Butter cost: 83% on an annual basis

Why is the price of butter so high? Butter is made from milk fat and cream and therefore its production requires a lot of milk, the global supply of which has declined, partly due to the diseases that have affected dairy cow herds in Europe, and partly due to the high cost of feed. Then there is the issue of climate change highlighted last summer by the analysis ‘The EU dairy sector: main features, challenges and prospects’ conducted by the European Parliament’s study centre. According to the research, 13% of dairy cow herds could disappear in the next decade. The reasons for this are heat stress, which has negative effects on milk production and milk fat content, as well as on the production performance of cows, especially grazing cows. Extreme weather conditions also facilitate the outbreak of diseases. Under Auchan butter in Russia.

Quick Take — Auchan: redundancies reminiscent of Conad- Auchan confirmed

On the ‘social plan’ and the group’s losses read here. Today’s comment : ‘It was a bit written in advance,’ says a competing retailer about the weaknesses of the northern group: ‘A declining hypermarket model, a source of high costs and an important place for Russia, an extremely profitable market. For years, this balance allowed it to absorb business losses in France. But with the sale of its Russian operations underway, it has become urgent for the Mulliez family’s food chain to take over its French operations, lest it suffer the same fate as its competitor Casino. Auchan, which is present in 12 countries, continued to lose market share in France, falling from 11.3% to 9.1% (including the Casino shops acquired this year) in ten years, while E.Leclerc rose from 19.9% to 24.1%. On Conad- Auchan read here