MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  October 29, 2015 (REPORT 43)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  10/19/2015 - 10/30/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   

Prices for butter/butteroil are increasing as less cream is available. 
Manufactureers report many inquiries, with few sales as buyers are taking 
a wait-and-see approach for future needs. Production is lower so some 
manufacturers are depleting stock levels. According to GTIS, EU butter 
exports decreased in August, but are 15.8% above year ago levels. The 
three main destinations are Saudi Arabia, United States and Egypt, which 
have increased since January YTD. PSA butter stock levels on October 18 
were 88,789 MT. The top three countries, the Netherlands, Ireland and 
Germany, accounted for 72% of the holdings. According to Eurostat, EU 
August butter production is up 4.7% over August 2014 and January through 
August production is up 2.8% from 2014.

                 
BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            2,900 - 3,450                          
99% BUTTERFAT:            3,500 - 4,175                          


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