Tel Aviv…Israel is facing a severe butter shortage, according to Globes, the prestigious Israeli business publication. Importing from overseas is also out of the question since the price of butter is one of those price controlled staples. "No one can import at the price of butter overseas and sell at the controlled price. The butter shortage will continue. The situation is absurd," importers told "Globes." The Ministry of Agriculture and Rural Development confirmed late last week that the shortage of butter was likely to continue. Sources in the retail chains told "Globes" that Tara was again supplying small quantities of butter to the retail food chains, but "the shortages are still severe, shelves are rapidly emptied, and consumers are buying large quantities for storage because of the shortage."