MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  July 21, 2016 (REPORT 29)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  07/11/2016 - 07/22/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE  

Butter prices firmed at each end of the price range. Within the 
EU, German and Dutch butter prices increased more than in 
France. Packaged butter remains in normal seasonal demand. Bulk 
butter reflects a price premium to packaged butter. 
Manufacturers currently prefer selling cream to engaging in 
production of bulk butter. While bulk butter is available, 
sellers are not readily agreeing to lower prices many buyers 
seek, slowing sales. Current export demand for butter from the 
EU is quiet. EU butter exports January-May 2016 increased 36% 
from the same period of 2015 according to Eurostat. The top 
three destinations for the period and percentage changes from 
the prior year are: Saudi Arabia, +34%; Egypt, +30%; and United 
States, +23%. 
                                                 
                                                                 
BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            3,350 - 3,525                          
99% BUTTERFAT:            3,800 - 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