French butter prices almost double in one year

The wholesale price of butter in France has nearly doubled in the span of just one year, reaching a record high of 8,180 euros in September compared to 4,260 euros a year earlier. This drastic increase in price can be attributed to an epidemic among cows that has affected butter production in the country.

In response to the rising costs of everyday essentials like butter, a new digital payment system called “Wero” has been launched in France, Belgium, and Germany. This system, backed by 16 major banks, allows for instant cross-border payments between individuals at no additional cost. The initiative comes as European Union banks aim to regain control and sovereignty over digital payments within the region.

This news highlights the challenges facing consumers and producers alike in France as food prices continue to rise. It also underscores the importance of innovation and collaboration in the financial sector to ensure ease and efficiency in digital transactions.