The reported butter shortage has been caused by factors including labor shortages and a decline in milk production.
- Butter prices are through the roof amid a reported supply shortage ahead of peak holiday baking season.The Wall Street Journal reports butter prices were up 24.6% year over year in August. That’s almost twice as much as the overall increase in U.S. grocery prices over the same period.
Butter supply shortages are reportedly to blame. According to Food and Wine Magazine, America’s stores of butter are at their lowest levels since 2017. The butter shortage, caused by factors including labor shortages and a decline in milk production, couldn’t come at a worse time. With the holidays and peak baking season approaching, increased demand could make the issue even worse.