MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  September 03, 2015 (REPORT 35)                     

WESTERN EUROPE                                                   
INFORMATION GATHERED  08/24/2015 - 09/04/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL: Prices for butter and butteroil are steady to 
lower. Production is lower due to decreased milk volumes and lower 
fat content. Some end users are reporting being contracted through 
2015. Export demand is steady to increasing due to higher U.S. 
prices. PSA butter stock levels on August 23 were 104,420 MT. The top 
three countries, the Netherlands, France and Germany accounted for 
70% of the holdings. According to Eurostat, EU June butter production 
is up 6.3% and January through June production is up 1.4%. According 
to GTIS, YTD through June exports are 17.4% above year ago levels. 
Saudi Arabia was the main importer, followed by the United States and 
Egypt. 
                                                  


82% BUTTERFAT:            2,625 - 2,950                          
99% BUTTERFAT:            3,150 - 3,575                          



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