Posts Tagged ‘butter crisis’

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    The Norwegian Butter Crisis

    Mar 25, 12 • 179 Views • Businesses, Demand, Supply, and Markets, Economic Humor, International Trade and Finance, Regulation, UncategorizedNo Comments

    Reserves were low, demand was high and prices skyrocketed. No, not oil. Butter. Butter demand surged in Norway several months ago when a low carb high fat diet swept the nation. At the same time, the supply of butter plunged because wet weather diminished the...