MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  October 13, 2016 (REPORT 41)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  10/03/2016 - 10/14/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL: In Western Europe butter prices strengthened. 
This continues a recent trend of stronger butter prices. Orders 
for packaged butter are increasing following these stronger 
prices, because buyers are stocking before yet even higher 
expected prices materialize. Some buyers are not able to obtain 
desired quantities. The market is seller dominated. The strength 
of orders being filled is causing some delivery bottlenecks. 
Butter is being withdrawn from private storage to help fill 
orders. Industrial cream is less available in the current 
climate. The Dairy Market News September 2016 monthly average 
for Western European butter, $4,301/metric ton, is 49.3% above 
September 2015. EU production of butter January-July 2016 is up 
8.7% from the same period of 2015, according to Eurostat. The 
top three export destinations and present change in export 
volumes to the destinations are: Saudi Arabia, +37%; Egypt, 
+24%; and U.S.A., +14%.                  
                                               

82% BUTTERFAT:            4,450 - 4,650                          
99% BUTTERFAT:            4,000 - 4,700                          

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