Europe’s Butter Mountain Has Melted Away

Europe’s Butter Mountain Has Melted Away

Europe’s Butter Mountain Has Melted Away
(© Flickr Creative Commons Taryn)

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.

  • Spot costs surge to all-time highs in Western Europe, Oceania
  • Global consumption seen rising 3% in 2017, USDA data show

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 U.S. 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 healthy attributes and a recent slowdown in the growth of global milk output. France’s Federation of Bakeries has called the price rise a “major crisis.”………

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Europe’s Butter Mountain Has Melted Away

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