MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  February 04, 2016 (REPORT 5)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  01/25/2016 - 02/04/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:    

Butter prices are unchanged but they vary somewhat throughout the EU. 
This facilitates buyers who wish to strategically seek out prices in 
nearby countries. Holiday demand is keeping current active production 
from increasing manufacturer inventories of packaged butter. Bulk butter 
demand is softer, with many buyers able to wait and watch for weaker 
prices should they develop, with little concern over upside price risks. 
Cream demand is moderate. Eurostat reports that January-November 2015 EU 
production of butter is 4.2% above the same period in the prior year. 
November production is 12.4% above November 2014. Among the top 4 butter 
producing EU countries by volume, Ireland has the largest January-
November production increase, 18.0%. Following Ireland was Poland +10.0%; 
Germany +5.0%; and France +1.0%. The November 2015 production changes of 
the top four producing EU countries were Ireland 20.8%; Germany +20.5%; 
France +5.3%; Poland +4.2%. EU butter exports for January-November 2015 
are +14.9% higher than the same period of 2014. Exports each month were 
higher than the same month of the prior year. Sales to the U.S. Saudi 
Arabia and Egypt account for the increase.


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