Butter prices have hit record highs due to low stocks and increased demand, particularly in Asia, affecting supply chains.

The current butter crisis is caused by low stocks in Europe and New Zealand, exacerbated by rising milk prices and inflation. EU dairy producers are focusing on cheeses and butter production has fallen to its lowest levels in eight years. Global demand, particularly from Asia, is growing, with annual butter consumption in Hong Kong increasing significantly. Prices are influenced by global conflicts and extreme weather conditions, making the outlook uncertain.