MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  September 15, 2016 (REPORT 37)                        

WESTERN EUROPE                                                   
INFORMATION GATHERED  09/05/2016 - 09/16/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE  

Butter prices in Western Europe firmed at each end of the price 
range. Butteroil slightly declined. Stocks of fresh butter are lower 
than desired levels and retail demand is increasing. With cream 
prices firming, upward pressure on packaged butter pricing is 
expected to continue. Some sales of older packaged butter at prices 
below fresh butter have filled a bit of current demand. Bulk butter 
interest has somewhat weakened. EU butter exports January-June 2016 
increased 37.2% from the same period of 2015 according to Eucolait. 
The top three export destinations and percentage of total exports 
are: Saudi Arabia, 12.4%; Egypt, 10.3%; and U.S.A., 8.9%.

BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            4,100 - 4,300                          
99% BUTTERFAT:            3,975 - 4,450                          

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