MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  September 1, 2016 (REPORT 35)                        

WESTERN EUROPE                                                   
INFORMATION GATHERED  08/22/2016 - 09/02/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE  

EU butter prices increased at each end of the price range. 
Butteroil followed the same pattern. Demand for packaged butter 
has firmed and is challenging the ability of manufacturers to 
keep up. Bulk butter demand has also strengthened, which has 
been satisfied in part by taking bulk butter out of private 
storage. Delivery delays are also a factor strengthening prices 
as demand pressures build. Supplies remain tight nevertheless. 
Industrial cream prices are higher. Export interest has slowed. 
Butter production in the EU January-June 2016 is 10.4% ahead of 
the same period of 2015, according to Eurostat.                                                                                    
                                                                 
BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            3,900 - 4,100                          
99% BUTTERFAT:            4,050 - 4,500                          


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