MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  October 27, 2016 (REPORT 43)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  10/17/2016 - 10/28/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE   

Western European butter prices firmed at each end of the price 
range. This took butter prices to another high for 2016. 
Butteroil prices firmed at the top of the price range, primarily 
for current purchases with some delivery urgency. There are no 
intervention stocks of butter and private storage stocks are 
considered normal. Butter stocks are tighter. Declining milk 
production has some buyers more anxious to secure butter 
commitments. Butter production in Europe during August this year 
is 0.2% below August last year according to Eucolait. Production 
January-August this year is 7.7% greater than production for the 
same period last year. During the first eight months of this 
year, the top producing nations were: Germany, France, Poland, 
Ireland, and Netherlands. European export volume of butter 
January-August 2016 was 38.0% above the same period last year. 
The three main destinations of exports and percentage of the 
total were: Saudi Arabia, 12.0%; United States, 9.9%; and Egypt, 
9.1%. 
                                                                 
BUTTER/BUTTEROIL:                                                

82% BUTTERFAT:            4,500 - 4,700                          
99% BUTTERFAT:            4,000 - 4,900                          


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