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
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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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