Sunday, December 18, 2011

Butter Shortage In Norway Means $500 A Pound

An acute butter shortage in Norway has emptied store shelves and propelled prices through the roof.

The shortfall – expected to last into January – has been blamed on a rainy summer that cut into feed production and therefore dairy output, but also the ballooning popularity of a low-carbohydrate, fat-rich diet that has sent demand for butter soaring.

Online sellers have offered 500-gramme packs for up to 350 euros ($465).

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