MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  July 09, 2015 (REPORT 27)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  06/29/2015 - 07/10/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL: Trading is light with a majority of transaction 
occurring through existing contracts. Negotiations are ongoing for 
deliveries later in the year with limited finalized agreements, due to 
the difficulty of buyers and sellers to find common ground on prices.  
The onset of Ramadan has slowed export activity. Domestic demand has also 
slowed in recent weeks. Butteroil prices declined in light trading. Lower 
prices and readily available supplies from Oceania continue to restrict 
European export opportunities.    
  
PSA butter stock levels on June 28 amounted to 74,642 MT. Stocks held by 
France and The Netherlands comprise over half of the total PSA stock 
holdings.  

According to Eurostat, EU butter production for April 2015 showed the 
following percentage changes for selected countries compared to April 
last year: France, +1.7%; Germany, +0.3%; Belgium, -21.8%; Ireland, 
+15.3% and the Netherlands, -4.5%.  

82% BUTTERFAT:            3,150 - 3,450                          
99% BUTTERFAT:            3,800 - 4,125                          

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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