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Butter could cost more by Christmas, Arla boss warns

Butter could cost more by Christmas, Arla boss warns

Business
The UK could be facing a butter and cream shortage this Christmas, the boss of dairy giant Arla has warned."The first sign we will see of it, is that the price of butter rises very sharply," Peder Tuborgh, chief executive of the farmer-owned firm told the BBC.There was insufficient milk being supplied by farmers to make the products, he said.The National Farmers Unions dubbed his comments "scaremongering".Arla Foods is a large European milk co-operative, owned by dairy farmers including British ones, and is the largest UK milk buyer.Its brands include Anchor and Cravendale, and it has annual revenues of 9.6bn euros (£8.4bn).Mr Tuborgh said consumers would feel the impact across Europe in the coming months, suggesting that prices rises would differ between European nations.However, he did n...