MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  April 16, 2015 (REPORT 15)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  04/06/2015 - 04/17/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:  Bulk butter prices moved marginally lower in light 
trading.  Production of bulk butter has slightly increased in some 
regions as package demand has subsided following the Easter holiday 
weekend.  Export interest has improved, but actual sales are slow to 
develop as buyers are uncertain regarding future rates of milk 
production, butter production and pricing trends.  The seasonal increase 
in northern hemisphere milk and dairy product production is lending 
support to the market's weak undertone.  PSA stock levels through April 5 
amounted to 45,200 MT. The Netherlands and France have been the largest 
contributors to PSA stocks going into the non-quota production year.  
Butteroil prices moved lower for the fourth consecutive reporting period.  
Trading remains light with a majority of the activity focusing on 
domestic transactions.  Export demand has slowed as buyers restrict 
purchases while prices continue on a downward trend.     

82% BUTTERFAT:            3,200 - 3,550                          
99% BUTTERFAT:            3,850 - 4,350                          

0930c rick.whipp@ams.usda.gov 608.557.7004
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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