MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  January 21, 2016 (REPORT 3)                        

WESTERN EUROPE                                                   
INFORMATION GATHERED  01/11/2016 - 01/22/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:   

Butter prices have declined. This is a lower demand season and prices 
reflect that fact. Bulk butter demand for future delivery is increasing 
while immediate term demand for bulk butter is low. Export opportunities 
are being pursued. Eurostat reports that January-October EU production of 
butter is 4.3% above the same period in the prior year. The top two 
January-November 2015 export destinations for EU manufactured butter and 
percent change from January-November of the previous year are: USA, +99%; 
and Saudi Arabia, +55%.                                                        
                                             

82% BUTTERFAT:            2,850 - 3,100                          
99% BUTTERFAT:            3,500 - 3,975                          



0930c 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