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flag New Zealand's butter prices surge 46.5% to $8.60 per 500g, sparking debate on export levels and taxes.

flag New Zealand's butter prices have risen by 46.5% in the past year, reaching $8.60 for a 500g block, due to 95% of dairy production being exported. flag Fonterra, the country's largest dairy processor, has ruled out offering discounts to locals, arguing that global demand influences prices. flag Proposals to lower prices include reducing exports or cutting taxes on dairy, but these could have broader economic consequences. flag The government is weighing these options, with some suggesting that market forces may eventually stabilize prices.

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