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Home > News > Food Industry News > Butter prices in New Zealand skyrocketed as a result of the Chinese epidemic

Butter prices in New Zealand skyrocketed as a result of the Chinese epidemic

ECHEMI 2019-04-25

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New Zealand media reported recently that a Chinese food hobby helped push up the price of butter in New Zealand.

This year, the international price of butter has soared another round, up 42% from the beginning of the year to the present. Nathan Penny, a senior economist at ASB Bank in New Zealand, said that the price increase was due to both supply and demand. On the one hand, New Zealand's production was poor, on the other hand, the market demand was strong.

Because of the drought and hot summer just past in New Zealand, the milk production of farms was affected, resulting in insufficient milk production. At the same time, the international demand for milk and fat products has not decreased but increased, which has led to an abnormal rise in prices. In addition, there is an emerging area in the Chinese market, and demand has been growing since its formation in the past two years. That is the new market brought about by "dirty bag". The so-called "dirty bag" is not really a dirty bag. Dirty bread, as its name implies, looks really dirty. After eating, it is full of mouth and hands. This dirty bread has become popular since the year before last.

Some entertainment stars also throw away their idol baggage and hold dirty bags in various concave shapes.

In fact, dirty bag is a high-grade version of chocolate praise, after eating, the mouth and hands will be stained with chocolate and become "dirty" so named "dirty bag".

Different shapes, dirty bags with similar materials have sprung up like bamboo shoots, forming a new market. In New Zealand media reports, translated "dirty buns" into English "muddy buns". Fonterra New Zealand has a factory in Edgecumbe specializing in the production and processing of dairy products on a small scale. Since the popularity of dirty bags in China, the factory had to readjust its production line last year. It is the flake butter production line that needs to be added to the new production line.

The butter sheet here is specially used by pastry makers who make bread. Its production specifications are one kilogram per sheet. Susan Cassidy, General Manager of Global Food Services Marketing at Fonterra, told Weekly Times in Australia that "New Zealand is the largest exporter of butter, and the sudden slowdown in production has squeezed the milk market."

These butter rolls were exported to Shanghai from Port Taolonga, New Zealand, after being produced at Edgecumbe Dairy Factory, and then distributed to Chinese bakeries. In fact, New Zealanders still feel a little confused about why dirty bags are popular in China. An in-house chef from Fonterra, New Zealand, copied a recipe from China and made a dirty bag in order to understand what happened. He tried it and found out: "The taste is very rich. I don't know if people can eat a lot - it's very sweet and tastes good.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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