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Article: Ice cream, butter prices will only grow fatter, experts say Shoppers buying more foods with fat; weather crimps milk supply
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- June 24, 1998
- Author:
CopyrightCopyright 1998 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Expect to pay more for that ice cream cone this summer as a
national shortage of milk butterfat drives up retail prices of many
dairy products.The average price consumers pay for butter, for
example, already has increased from $1.67 per pound a year ago to
$2.58 this month. Dairy market experts expect butter prices
could go higher as the end-of-the-year holiday baking season
approaches and the butter shortage intensifies.
On Monday, Madison-based Schoep's Ice Cream Co. reluctantly
increased its prices.
"We figured it had to happen, even though it didn't even cover
our cost increases," said Paul Thomsen, Schoep's chief executive
officer.
Other ice cream makers across the country, ...
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