Butter prices in Canada are breaking records

Published 2024년 12월 19일

Tridge summary

Canadian farmers are paying for milk fat at a premium of 40-50%, leading them to feed cows palm oil to increase milk fat content. This has resulted in a raw milk shortage for butter production, causing a surge in butter thefts in Canadian cities, with one incident resulting in over 800 euros worth of butter stolen. The thefts have been advertised on social media, with speculation of involvement from restaurant and bakery owners. The situation has led to butter being referred to as 'yellow gold', with prices rising significantly between 2019 and 2024, and potential for further increases due to added security costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Canadian farmers are paid 40-50% more for milk fat, so to increase its amount in milk, they feed their cows palm oil. Skim milk after separating the milk fat is poured out as a production residue. The country has a shortage of milk, the raw material for butter production, and the product itself has become popular among criminals. According to the national news agency CTV, in the Canadian cities of Guelph and Brantford this year there have been 9 major thefts of butter from grocery stores. In particular, in October, butter worth about 810 euros was stolen from a store in Brantford in the middle of the night. Ads for the sale of stolen butter have appeared on social networks. There is also speculation that it is being sold not only to the general public, but also to restaurant and bakery owners who face higher costs for ingredients, heating, labor and taxes. Grocery store owners are considering the use of more powerful security systems and hiring guards during off-hours. However, ...
Source: MilkUA

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