MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  February 19, 2015 (REPORT 7)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  02/09/2015 - 02/20/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:  Prices moved significantly higher on both ends of the 
range.  Demand for butter is active on the domestic market.  Easter falls 
early this year, April 5, and domestic buyers are submitting or will 
submit their holiday orders soon.  Some buyers are concerned that 
supplies will be tight for the upcoming holiday as milk volumes are 
running consistently weaker in many areas.  The sharp increase in prices 
has slowed export interest with many buyers delaying purchases to assess 
market conditions.  Some potential buyers are seeking longer term 
agreements beyond April, but agreeing on price with sellers will be a 
difficulty in the upcoming negotiations.  PSA stock levels through 
February 8 amounted to 35,565 MT. The Netherlands and Ireland make up 
68.8% of the supplies held in PSA.  Butteroil prices are mostly above 
Oceania prices and limit new buyer interest.  Current production is 
focused on covering domestic and export commitments.  

82% BUTTERFAT:            3,525 - 3,975                          
99% BUTTERFAT:            4,100 - 4,625                          

0930c rick.whipp@ams.usda.gov 608.278.4151
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-
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