Are we running out of butter?
Published: 03 October 2017
Prices for butter leap as Australia faces a butter shortage.
If the price of butter keeps rising this could become a very valuable piece of toast.
Image © 2017 Nick Ansell/PA Wire
We’ve been told to worry about that pricey avocado we’ve been slathering all over our toast, but it might be a bit of butter that could soon keep us out of the housing market.
Over the last year the global price of butter has risen by about 60 percent. As consumers are turning their backs on margarine, and things that they cannot believe aren’t butter, the price for butter has been going up.
John Droppert, a Dairy Australia analyst, told ABC news that “this massive shift from skim milk back to whole milk has had the kind of side effect of taking a whole lot of milk fat out of the supply for butter and putting that back into the milk carton.”
“Traditionally a lot of the fat that’s removed from that skim milk is actually the majority of what gets turned into butter,” he explained.
The jump in butter prices is good for butter producers but not as good for people who need a safety layer of butter in between their vegemite and toast.
There are always good reasons to save but if butter prices continue to rise you’re going to need those pennies to afford something to slather on top of the complimentary bread you get at a restaurant while you make awkward chit-chat on a double date your partner said would be the ‘best idea’.