09-12-2014, 02:59 PM
Dairy prices haven't been this high since
the cow jumped over the moon.
Here's the more detailed story. http://www.bbc.com/news/world-us-canada-29133022 It's interesting, including how the Russian dairy products import ban could bring down prices...
US milk and butter prices have reached record levels in recent months. A confluence of global factors, from droughts in New Zealand to a growing demand for pizza in the Middle East, are costing US dairy devotees. This year in the US, milk futures leapt 26% and butter prices 62%. The rising cost of milk can affect thousands of products, including yoghurt, ice cream and even cheeseburgers.
The cause of the price surge is far from straightforward, however. The world is currently engaged in a delicate dairy dance, with the whims of one nation causing significant changes for all the others.
---
As with demand for baby formula in China, the surge in the popularity of pizza and burgers in the Middle East has driven up dairy consumption, raising prices for American consumers.
the cow jumped over the moon.
Here's the more detailed story. http://www.bbc.com/news/world-us-canada-29133022 It's interesting, including how the Russian dairy products import ban could bring down prices...
US milk and butter prices have reached record levels in recent months. A confluence of global factors, from droughts in New Zealand to a growing demand for pizza in the Middle East, are costing US dairy devotees. This year in the US, milk futures leapt 26% and butter prices 62%. The rising cost of milk can affect thousands of products, including yoghurt, ice cream and even cheeseburgers.
The cause of the price surge is far from straightforward, however. The world is currently engaged in a delicate dairy dance, with the whims of one nation causing significant changes for all the others.
---
As with demand for baby formula in China, the surge in the popularity of pizza and burgers in the Middle East has driven up dairy consumption, raising prices for American consumers.