Butter prices "exploded"
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Butter prices in the U.S. have jumped to their highest level in a year, while global dairy prices are once again on the rise. This is adding to growing consumer concerns about a possible new wave of food price increases.
In June, the price of butter in the U.S. rose to about $4.80 per pound (0.45 kg), according to the latest data from the Federal Reserve Bank of St. Louis. That is nearly 4 percent higher than in June 2024 and marks the highest level since early 2023, Forbes reported, citing the Business portal. Limited global milk supplies and rising input costs, including labor and packaging, are the main drivers behind the surge, the Financial Times reported. The UN Food and
