MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  November 22, 2016 (REPORT 47)                      

WESTERN EUROPE                                                   
INFORMATION GATHERED  11/14/2016 - 11/25/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:                                                

Butter prices in Western Europe are slightly higher to steady. The 
butter price is increasing more significantly in France than the 
Netherlands. German butter quotations are stable. Packaged butter 
demand in the EU is increasing ahead of the end of year holiday 
season. Continuing ordering strength is expected. Manufacturers are 
challenged to keep up with current orders which raises speculation 
about price strengthening in coming weeks. Private stocks of butter 
are being used to keep up with demand. EU butter export volumes 
January-September this year are 36.5% above the same period last year 
according to Eucolait. The main destinations and percent of the total 
are: Saudi Arabia, 11.9%; U.S.A., 10.2%; and Egypt, 8.8%. EU 
butteroil export volumes January-September this year are 47.3% above 
the same period last year. The main destinations and percent of the 
total are: China, 35.1%; Hong Kong, 10.2%; and Saudi Arabia, 8.9%.

82% BUTTERFAT:            4,600 - 4,800                          
99% BUTTERFAT:            4,400 - 5,150                          


0100c 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