MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  March 17, 2016 (REPORT 11)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  03/07/2016 - 03/18/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:   

Butter pricing in Western Europe weakened slightly at the top of the 
price range. Packaged butter sales are strong and this is expected to 
continue through spring religious holidays. Large quantities of 
packaged butter were ordered in recent weeks. Bulk butter demand is 
softer because most customers have already covered their needs. 
Butter inventories available to buyers, both packaged and bulk, are 
comfortable. Eurostat reports that 2015 butter production in the EU-28 
was 4.7% higher than during 2014 and exports were 13% higher. The top two 
destinations for EU manufactured butter during 2015, and the percentage 
change in volumes exported, were: United States, 100%; and Saudi Arabia, 
56%. 
                                           
82% BUTTERFAT:            2,550 - 2,700                          
99% BUTTERFAT:            3,475 - 3,950                          


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