MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  August 04, 2016 (REPORT 31)                        

WESTERN EUROPE                                                   
INFORMATION GATHERED  07/25/2016 - 08/05/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE 
EU butter prices increased at each end of the price range. 
However, within the EU there is a spread between pricing changes 
in significant butter producing nations. Dutch and French prices 
increased while the German quotation was mostly steady. Packaged 
butter supplies are tightening and finding offerings for 
immediate delivery is challenging. A recent uptick in orders for 
packaged butter for future delivery within the EU is believed to 
have been motivated by retailers stocking up in advance of 
expected price increases. The demand for bulk butter is quiet 
and offerings are limited. Production volumes are lower, in part 
due to increased prices for industrial cream. EU butter 
production January-May 2016 increased 11.5% from the same period 
of 2015, according to Eurostat.

BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            3,450 - 3,650                          
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