Wednesday, December 14, 2011

Markets in Everything: Butter on eBay for Norway

Here's an eBay listing for 1.5 kg of butter (about 3.3 pounds) to be shipped from Germany to Norway for $67 plus $21.50 shipping.  Buyer is responsible for Norway's import duty of about $4.25 per kg. ($6.38 total), for a total cost of about $95 for 3.3 pounds of butter, or about $29 per pound.  And shipping takes 7-8 days, so the Norwegians better order soon to get their German butter in time for holiday baking.  

Here's another listing, this one is from the Netherlands offering to ship 1.5 kg of butter to Norway for $70, plus $21.50 for shipping. 

And here's a price-gouging American who wants $85 per pound!

HT: Don

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