MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  March 16, 2017 (REPORT 11)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  03/06/2017 - 03/17/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:     

Butter prices in Western Europe continued the recent firming trend 
after a 2017 early year dip. Butteroil prices also strengthened. 
Butter prices in Germany and Netherlands are higher, with French 
prices mostly stable. Demand for butter in Europe is called dynamic, 
consistent with global interest in dairy fats. Growing butter demand 
is also characterized as signaling a new consumer love affair with 
butter. Demand for packaged and block butter is firming. Third 
quarter contract finalization is slow due to buyer and seller 
uncertainty as to pricing. The Dairy Market News February 2017 
Western Europe butter monthly average price per metric ton was 
$4,321, compared with $2,867 one year earlier.
                                     

82% BUTTERFAT:            4,450 - 4,525                          
99% BUTTERFAT:            4,975 - 5,325        


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