who's making a killing on butter?

[tonym911]

Just wondering why butter seems to have gone up from about £1 a lump to nearer £1.50 in the last few weeks? If it's down to increased transport costs through higher fuel prices, why haven't other 'daily' foods gone up by 50%?

Is selective profiteering going on under the smokescreen of inflation?

[Bing o]

Udder Tax.

[AndrewW-G]

They're also making a larger fortune on frozen orange juice and pork belly

[Tsippy]

I noticed this too, luckily the neighbour has just had a baby so I'm milking her and making my own butter

[Hugo a Gogo]

I know the reason, I would tell you, but you'll just spread it around

[Digga]

If everyone's buying butter and the price has gone up, will the supermarkets be discounting guns?

[oyster]

tonym911 said:

Just wondering why butter seems to have gone up from about £1 a lump to nearer £1.50 in the last few weeks? If it's down to increased transport costs through higher fuel prices, why haven't other 'daily' foods gone up by 50%?

Is selective profiteering going on under the smokescreen of inflation?

I just looked on mysupermarket for this.

The prices haven't changed for several months.

[Frankeh]

AndrewW-G said:

They're also making a larger fortune on frozen orange juice and pork belly

I watched that film when I was younger and generally believed (for way too long) that those were real commodities.
I was not a smart child.

[Hugo a Gogo]

http://www.investopedia.com/university/commodities...
http://www.investopedia.com/university/commodities...

[Frankeh]

I'm not a smart adult.

[Galsia]

Digga said:

If everyone's buying butter and the price has gone up, will the supermarkets be discounting guns?

A reference to a Herman Goering quote?

[AndrewW-G]

Hugo a Gogo said:

http://www.investopedia.com/university/commodities...
http://www.investopedia.com/university/commodities...

Every day is a school day

[The Hypno-Toad]

Interesting that someone else has noticed this. Its the one commodity (apart from fuel) that I have noticed rocketing in price as well.

[mcbook]

Frankeh said:

AndrewW-G said:

They're also making a larger fortune on frozen orange juice and pork belly

I watched that film when I was younger and generally believed (for way too long) that those were real commodities.
I was not a smart child.

Not sure about the OJ but pork belly is real.

[Rouleur]

Hugo a Gogo said:

I know the reason, I would tell you, but you'll just spread it around

You're a jammy bugger for knowing that

[mattviatura]

It's just life in this country.

[loafer123]

It's that Lurpak bloke.

He's so rich now, he pays someone else to play the trombone.

[tubbystu]

I heard on the radio on Saturday that it takes 20 pints of milk to make a lb of butter.

Have wholesale milk prices changed ? So that the farmer actually gets some money..........

There was a lot of noise I recall from the farmers that the big supermarket chains were making more profit per pint than they were being paid to produce the stuff - but it was a while ago.

[Digga]

Galsia said:

Digga said:

If everyone's buying butter and the price has gone up, will the supermarkets be discounting guns?

A reference to a Herman Goering quote?

AFAIK it predates Goering and, in economic terms at least, was used to illistrate the concept of Marginal Utility; something along the lines of, if you have to fight for your life, you will value guns more highly than butter - you get the idea.

I think the full quote went something like;

"What shal we buy, guns or butter?

perparedness makes us powerful, butter merely makes us fat."

[JayBM]

tubbystu said:

I heard on the radio on Saturday that it takes 20 pints of milk to make a lb of butter.

Have wholesale milk prices changed ? So that the farmer actually gets some money..........

There was a lot of noise I recall from the farmers that the big supermarket chains were making more profit per pint than they were being paid to produce the stuff - but it was a while ago.

I believe average milk price has risen recently, however at somewhere around the £0.26/litre mark I don't think it can be blamed on the increase in butter price

As for supermarket profit compared with wholesale price I reckon it would be very close with the cost per litre at the supermarket around £0.70/litre currently.

As to whether a price of £0.70 a litre is really a sustainable price for milk when compared to a figure nearly 5 times higher for bottled water; I have a feeling the answer may be no.