The skyrocketing price of butter in France could bring a croissant apocalypse
The wholesale price of butter in France almost doubled from about €2,670 ($2,980) per tonne in May 2016 to about €4,630 ($5,170) in May 2017.
Published| Photo by Reuters/Sebastian Derungs
Wholesale price of a tonne of butter in France
Demand for milk from Asian countries is growing, making the product more scarce and expensive in Europe.
Also, manufacturers sometimes prioritize cheese and cream over butter during production, further increasing scarcity.
Butter represents a quarter of the ingredients used to make croissants, and the spike in price is worrying the owners of France’s 30,000 bakeries.
The industry group that represents those bakeries says that consumers could see prices increase sharply, and that a butter shortage could even stop production.