MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  May 12, 2016 (REPORT 19)                           

WESTERN EUROPE                                                   
INFORMATION GATHERED  05/02/2016 - 05/13/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE        

Butter prices increased slightly at the top of the price range, 
driven by price factors involving certain German butter markets. 
Butter prices in most of the balance of the EU butter producing 
nations are unchanged. Retail demand for butter in the EU has been 
active, attributed in part to it being the asparagus season. EU block 
butter demand also remains active. Butter and butteroil exports from 
the EU, January-February 2016 compared to 2015, increased 49%, 
according to GTA. The top three destinations and change in volume 
from the same period of 2015 were: Saudi Arabia, +31%; USA, +35%; and 
Egypt, -21%. Imports of butter and butteroil by China increased 79% 
during the same period.                                         
                                                                 
BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            2,500 - 2,900                          
99% BUTTERFAT:            3,500 - 3,800                          




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