MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  September 29, 2016 (REPORT 39)                     

WESTERN EUROPE                                                   
INFORMATION GATHERED  09/19/2016 - 09/30/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:  

Western European butter prices firmed at each end of the price range. 
Demand for packaged butter is good. Price increases are anticipated 
in coming weeks. Bulk butter interest is slow and production is at a 
low level, focused on filling existing orders. EU butter exports 
January-July 2016 increased 34.8% from the same period of 2015 
according to Eucolait. The top three export destinations and 
percentage of total exports are: Saudi Arabia, 12.7%; Egypt, 9.7%; 
and U.S.A., 9.4%. Butter imports to the EU this year through July 
decreased 51.5% from the same period of 2015. The top three import 
origins and percentage of total imports are: New Zealand, 67.9%; 
United States, 9.7%; and Saudi Arabia, 9.6%.
                                              

82% BUTTERFAT:            4,300 - 4,625                          
99% BUTTERFAT:            4,000 - 4,600    

0930c Eric.Graf@ams.usda.gov 
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