MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  September 17, 2015 (REPORT 37)                     

WESTERN EUROPE                                                   
INFORMATION GATHERED  09/07/2015 - 09/18/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL: Prices are increasing for butter and butteroil. The 
higher prices are an indication that the market is firming. Cream is 
tight as farm level outputs, along with components, are dropping. 
Demand is increasing for butter as the holidays near. Export demand 
remains strong. PSA butter stock levels on September 6 were 103,576 
MT. The top three countries, the Netherlands, Ireland and Germany, 
accounted for 69% of the holdings. According to GTIS, YTD through 
July EU butter exports are 16.4% above year ago levels. The United 
States was the main importer, followed by the Saudi Arabia and Japan. 
                                                  


82% BUTTERFAT:            2,650 - 3,150                          
99% BUTTERFAT:            3,175 - 3,800                          



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