Saturday, December 10, 2011

Mars needs women!

ooops, make that "Norway needs butter"!!

Yes, one of the richest countries in the world has "run out of" butter! Just before the holidays!

Oh, the humanity!

The soaring popularity of a fat-rich fad diet has depleted stocks of butter in Norway creating a looming Christmas culinary crisis.

Norwegians have eaten up the country’s entire stockpile of butter, partly as the result of a “low-carb” diet sweeping the Nordic nation which emphasizes a higher intake of fats.

“Sales all of a sudden just soared, 20 per cent in October then 30 per cent in November,” said Lars Galtung, the head of communications at TINE, the country’s biggest farmer-owned cooperative.

A wet summer which reduced the quality of animal feed and cut milk output by 25 million litres had already limited supplies and the shortage has led some pundits to suggest the world’s eighth-largest oil exporter offer some of its plentiful fuel supply in exchange for butter.

Butter is now selling on Norway’s top auction website, with a 250-gram piece starting at around $13, roughly four times its normal price.

Top dairy producer Denmark lies just across a narrow sea channel, but its stores of creamy butter will be kept out of the country by the high import duties of Norway, the only Nordic nation that does not belong to the European Union

.....and there we have it. Domestic demand surged, domestic supply faltered and IMPORTS ARE FORBIDDEN!

Norway doesn't need butter, they need FREE TRADE!

We often see stories about localized shortages of global commodities and they invariably have bizarre trade restrictions behind them.

Perhaps the poor Norwegian, tragically now unable to eat a stick of butter for Christmas brunch can console themselves by knowing that their domestic butter industry is very profitable.


Tim Worstall said...

Amusingly, Norway has just dropped its protective tarrif on butter from 29 NOK (about $4) per kg to 4 NOK per kg.

Only for the month of December though.

I wonder why they did this?

Angus said...

It's a christmas miracle!!!!

Anonymous said...

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