Butter Prices Tumble Most in 18 Years as Imports Climb
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Butter prices plunged the most in 18 years as increasing shipments to the U.S. ease tight supplies that pushed costs to a record last month.
Imports in August more than doubled from a year earlier, the second straight monthly increase, the latest data from the U.S. Department of Agriculture show. Supplies are rebounding as New Zealand, the world’s biggest butter exporter, enters its highest milk-production period.