MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  May 26, 2016 (REPORT 21)                           

WESTERN EUROPE                                                   
INFORMATION GATHERED  05/16/2016 - 05/27/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:    

Butter prices firmed at the lower end of the price range but remained 
unchanged at the top. Within the EU demand for packaged butter has 
been strong and sales good. Factors cited as supporting the higher 
demand include the asparagus season, as well as more outdoors 
grilling where butter is used on certain food. Bulk butter demand has 
also been stronger. Internal EU users are believed to be increasingly 
adding to bulk butter stocks for use in Q3. EU butter exports 
January-March 2015 were 23.5% above volumes of the same period one 
year earlier. EU butter pricing has been competitive for exporting 
and there is a demand for certain EU butter that is less price 
sensitive and favors various manufacturers in terms of perceived 
quality. 



82% BUTTERFAT:            2,600 - 2,900                          
99% BUTTERFAT:            3,600 - 3,850     


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