MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  December 23, 2015 (REPORT 51)                      

WESTERN EUROPE                                                   
INFORMATION GATHERED  12/14/2015 - 12/25/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:  

Prices for butter in Europe are steady to lower. Most Christmas and 
holiday season demand has been filled. Butter production remains stable, 
with many manufacturers not being particularly motivated to reduce 
pricing to levels buyers, not facing immediate needs, prefer to pay. This 
is leading to some inventory building but at levels manufacturers are at 
ease with. That may change early next year as buyers become more 
motivated to complete purchases and manufacturers become more motivated 
to control inventory building. Export sales have been good. All in all, 
making butter remains the preferred use for milk in Europe. January-
October 2015 butter exports for the EU-28, as reported by GTIS, increased 
13.9% compared to the same period last year. Export volume every month of 
2015 has been above the same month in 2014.                                           

82% BUTTERFAT:            3,000 - 3,225                          
99% BUTTERFAT:            3,500 - 4,000                          



0100c Eric.Graf@ams.usda.gov 608.557.7005
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