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Norwegian butter crisis
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Norwegian butter crisis : ウィキペディア英語版
Norwegian butter crisis

The Norwegian butter crisis began in late 2011 with an acute shortage of butter and inflation of its price across markets in Norway. The shortage caused soaring prices and stores' stocks of butter ran out within minutes of deliveries.〔 According to the Danish tabloid ''B.T.'', Norway was gripped by ''smør-panik'' ("butter panic") as a result of the butter shortage.
==Shortage==
Heavy rains during the summer affected the grazing of cows and reduced milk production during the summer months by about , which led to increased butter prices. At the same time, demand increased rapidly – a 20 percent increase in sales in October 2011 with a further 30 percent rise in November. An acute shortage resulted in prices soaring. A single pack of imported Lurpak butter cost NOK 300 (€39; £32; $50) by mid-December 2011. For Norwegians, butter forms a staple part of the Christmas diet, and is particularly popular as part of a low-carbohydrate, fat-rich diet.〔
Shortages persisted as a result of high import tariffs on butter to protect the domestic dairy industry against foreign competition, which meant that 90 percent of the butter on sale in Norway was produced domestically. The dairy industry estimated a deficit of 500 to 1000 tonnes, while the demand for butter had increased by 30 percent since 2010. Tine, which produced 90 percent of Norwegian butter at the time and was both the largest dairy cooperative in the country and the market regulator, was blamed by dairy farmers for not informing them about higher demand quotas and exporting too much butter despite a looming domestic shortage.〔

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