MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  February 18, 2016 (REPORT 7)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  02/08/2016 - 02/18/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:   

Butter prices are steady to slightly lower. The current Western 
Europe price range is below the range one year ago, which was 3,525 - 
3,975. Butteroil prices are unchanged. The current Western Europe 
price range is below the range one year ago, which was 4,100- 4,625.
Packaged butter demand in the EU is steady. Demand is expected to 
increase in coming weeks as spring religious holidays approach. 
Pricing negotiations for contracts are underway. Manufacturers are 
comfortable with being able to meet the demand. Bulk butter demand is 
weaker, which is resulting in more industrial cream moving into other 
uses. January-November 2015 butter production in the EU-28 is 4.3% 
greater than the same period of 2014.
                                             
82% BUTTERFAT:            2,850 - 3,050                          
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