Why France is facing a butter squeeze

The fat of the land is thin on the ground

” …Two big international changes explain the squeeze. Supply of dairy products has been in flux for a while. In 2015 the European Union ended a quota system for milk-producers, part of an effort to reduce subsidies and let a freer market function (draining a notorious “milk lake” and melting a “butter mountain”). Suppliers were hit by a period of low prices: impoverished small producers of milk in France reported monthly take-home income as low as a few hundred euros. No wonder some gave up production [ . . . ] More: Why France is facing a butter squeeze