MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  August 6, 2015 (REPORT 31)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  07/27/2015 - 08/07/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE  

Butter prices are weakening. Producers are reporting strong 
production with a healthy demand. Inventory levels are building. 
Attractive prices have buyers wanting long term contracts, but are 
having trouble agreeing on prices with sellers. Export demand is 
quiet, but starting to increase. According to Eurostat, EU butter 
production for May 2015 showed the following percentage changes for 
selected countries compared to May last year: France, -8.8%; Germany, 
+6.7%; Belgium, +7.2%; Ireland, +4.4% and the Netherlands, +9.7%. PSA 
Butter stock levels on July 26 were 86,947 MT. The top three 
countries, Germany, France and The Netherlands accounted for 74% of 
the holdings.  
 

                                                  
BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            2,700 - 3,200                          
99% BUTTERFAT:            3,475 - 4,000                          



0930c Tara.Herbst@ams.usda.gov 608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home