French pastries and butter have become so popular abroad that the increased demand has led to a mini-shortage of the dairy product in French supermarkets.
The price of butter rose 60 percent in a year, reaching 6.70 euro (US$7.90) per kilogram in August, according to official data.
The increase has created problems for pastry exporters in France and fears of a shortage of Christmas delicacies such as the traditional Yule Log dessert.
French regions such as Brittany and Normandy have reportedly been hit hardest by the butter shortage, which is also linked to a drop in the European milk supply.
French National Federation of Dairy Cooperatives president Dominique Charge told French radio RTL that butter is “more and more in demand in emerging economies like China and the Middle East.”
Claude Margerin Francois, who runs a small company specialized in pastry dough in central France, told reporters she has not been able to fulfill orders from Lebanon, China and Vietnam because of the shortage.
“I’m looking for butter everywhere,” she said.
Margerin Francois, who has been buying her top-shelf labeled Poitou-Charentes butter from a local producer for 15 years, said she had to furlough eight employees because of the shortage.
She could have opted for a cheaper butter made abroad, but was not convinced by the quality, she added.
“Just by smelling it I could tell it was not good enough,” she said.
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to nations including the Netherlands and the Czech Republic. During March to last month, Foxconn, known as Hon Hai Precision Industry
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development. The lab is TSMC’s first laboratory collaboration with a university outside Taiwan, the company said in a statement. The lab would leverage “the extensive knowledge, experience, and creativity” of both institutions, the company said. It is located in the Asano Section of UTokyo’s Hongo, Tokyo, campus and would be managed by UTokyo faculty, guided by directors from UTokyo and TSMC, the company said. TSMC began working with UTokyo in 2019, resulting in 21 research projects,
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news. “We’re so thankful to this incredible fitness influencer called Ashton Hall,” Saratoga owner Primo Brands Corp’s CEO Robbert Rietbroek said on an earnings call after Hall’s morning routine video went viral. “He really helped put our brand on the map.” Primo Brands, which was not affiliated with Hall when he made his video, is among the increasing number of companies benefiting from influencer
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) yesterday expressed a downbeat view about the prospects of humanoid robots, given high manufacturing costs and a lack of target customers. Despite rising demand and high expectations for humanoid robots, high research-and-development costs and uncertain profitability remain major concerns, Lam told reporters following the company’s annual shareholders’ meeting in Taoyuan. “Since it seems a bit unworthy to use such high-cost robots to do household chores, I believe robots designed for specific purposes would be more valuable and present a better business opportunity,” Lam said Instead of investing in humanoid robots, Quanta has opted to invest