Butter prices soar to all-time highs in Western Europe as demand surges
Global prices boosted by shifting views on its health attributes, slowdown in milk output growth
Chicago
EUROPEANS are eating so much butter that the bloc's stockpiles are nearly empty, adding to a rush of demand that has sent global prices skyrocketing.
The star of the US dairy market in recent years, butter costs have now soared to all-time highs in Western Europe and Oceania. The gains have been aided by shifting consumer views on its health attributes and a recent slowdown in the growth of global milk output.
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