Word: butter
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...countless food-savvy Singaporeans for both the crab and the exemplary service. Seeing me ponder how best to attack the shell, a waiter discreetly slid on his plastic gloves and began deftly dissecting. The huge claws had sweet moist meat, and the sauce was a rich melding of butter, spring onion, garlic, oyster sauce and black pepper...
...butter shortage results from a chain of events. When the country suffered an overproduction of milk in 2006, the government ordered about 1,000 tons of raw milk poured down the drain and dairy cows slaughtered to prop up prices and defend local milk farmers. Dairy prices were then managed to retain their advantage to imported milk and butter, whose prices were inflated by tariffs. (To protect domestic butter, the tax on imported butter went up twice last year. There is a nearly 30% tariff on butter imports...
...available for feed for Japan's cows. The drought has also cut back on milk that would have been imported to supplement the Japanese market. Combined with competing demand for milk and milk products from emerging markets in China and Russia, the result is a collapse of the local butter production in Japan...
...that there is no butter in Japan. It's just expensive because of the tariffs imposed on imports. At a popular international supermarket in Tokyo, Nissin, consumers are complaining because they no longer have access to butter that costs 500 yen ($5) for 250 grams, produced in Hokkaido, the center of Japan's milk industry. Instead, they are confronted with an abundance of French butter, costing upwards of 2,000 yen ($20) for 200 grams. "Even if we order 100 or 200 packages of domestic butter," says Nissin's dairy buyer Katsuhiro Maruyama, "only about six or so actually...
...meantime, prices for Japanese butter are going up and the government announced that Japan may need "emergency" butter imports, A government-backed body would then purchase butter at a lower tariff...