MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  July 23, 2015 (REPORT 29)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  07/13/2015 - 07/24/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE  

The summer holiday season is ongoing in Europe and has slowed 
domestic butter consumption. However, consumption is normal for the 
holiday season. Export interest is quiet with most Q3 needs covered.  
Negotiations for Q4 are ongoing, but progressing slowly. PSA butter 
stock levels on July 12 amounted to 78,140 MT. Stocks held by France 
and The Netherlands continue to represent over half of the total PSA 
stock holdings. Most European butter prices moved lower though less 
so for butter of French origin. Butteroil prices declined at the low 
end of the price range in light trading. January-May 2015 butter 
exports for the EU-28, as reported by GTIS, increased 16.9% compared to 
the same period last year.  May exports declined from April, to 11,000MT.  
The top three destinations were United States, Egypt and Saudi Arabia. 
                                                            
BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            2,950 - 3,275                          
99% BUTTERFAT:            3,775 - 4,125                          



0930c eric.graf@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-home