MD_DA104 DA MD DA104 Butter/Butteroil - Europe MADISON, WI. April 14, 2016 (REPORT 15) WESTERN EUROPE INFORMATION GATHERED 04/04/2016 - 04/15/2016 U.S. DOLLARS PER METRIC TON, FOB PORT WESTERN EUROPE BUTTER/BUTTEROIL: Current butter pricing in Western Europe weakened. Demand for packaged butter is at expected and seasonally normal levels. Bulk butter interest for delivery over the next several months is steady. January 2016 production compared with January 2015, was up 5.8% according to Eurostat. During the week of April 4-10, 2016, Eucolait reports that 6,818 MT of butter were offered into the 90-120 day private storage arrangement program. Butter from the following countries was offered in the volumes shown: Belgium 224 Malta; Germany 879 MT; Ireland 110 MT; Spain 94 MT; France 793 MT; and Netherlands 4,718 MT. Total 2016 offerings through April 10 are 55,190 MT. Eurostat reports that January 2016 EU butter exports, 11.021 MT, were up 8% from January 2015. The top January 2016 export destinations for EU butter, volumes and percentage change from January 2015, are: United States 1.3 MT, +46%; Saudi Arabia 968 MT, -33%; and Turkey 888 MT, just over 800%. 82% BUTTERFAT: 2,450 - 2,700 99% BUTTERFAT: 3,475 - 3,900 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