GET Stock QuotesNews18 APP
News18 English
» »
1-min read

Increase in Butter Prices Set to Raise Dough Needed for French Croissants

A spike in the price of butter has led to French bakers issue a warning of spiraling costs in patisserie

AFP Relaxnews

Updated:June 15, 2017, 10:58 AM IST
Increase in Butter Prices Set to Raise Dough Needed for French Croissants
A typical French Croissant (Image courtesy: AFP Relaxnews)
The price of butter, which makes up a quarter of the ingredients of many French pastries, shot up by 92 percent in the year to May, according to Fabien Castanier, the general secretary of the federation of French biscuit and cakemakers. The rise was putting "unsustainable economic pressure" on the industry, he said. "Based on the current price, the extra charge annually is around 68 million euros for makers of biscuits and cakes. Unfortunately the situation is going to get worse in the next few weeks with a strong risk of butter running out."

Matthieu Labbe, a bakers' industry spokesman, said, "There is a real threat of butter shortages by the end of the year which could lead to panic on markets." The industry bodies are calling on responsible behaviour from supermarkets and cafes and restaurants to pass on the rise in the price of butter in the prices they charge shoppers, to avoid additional suffering for producers.

The consequence would be that "the price the consumer pays for croissants, tarts and brioches is going to rise significantly very quickly". The rise in the price of butter is blamed on falling milk yields in Europe, and especially in France, coupled with rising demand both domestically and internationally. At the same time, French farmers complain that they are receiving less for their milk than it costs to produce because Europe has a glut of 350,000 tonnes of powdered milk, which is depressing prices.
Read full article
Next Story

Live TV