Dairy Giant New Zealand Endures Butter Price Shock

Source: International Business Times

Butter prices have soared in dairy export giant New Zealand, latest figures show, with local supplies cut short as the industry chases fatter profits overseas. AFP Butter prices have soared in dairy export giant New Zealand, latest figures showed Thursday, with local supplies cut short as the industry chases fatter profits overseas. The dairy price shock spreads as far as cheese and milk, leading one economist to suggest locals face the grim prospect of cereal without milk if they want to save money.