MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  April 13, 2017 (REPORT 15)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  04/03/2017 - 04/14/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:   

      Butter prices in Western Europe are stronger and expected 
to keep showing firmness. Butteroil prices are steady to higher. 
Butter prices are highest in the Netherlands and slightly lower 
in Germany and France. There is a high value for cream. The 
Dairy Market News March 2017 Western Europe butter monthly 
average price per metric ton was $4,551, compared with $2,627 
one year earlier. The March butteroil monthly average price per 
metric ton was $5,193, compared with $3,713 one year earlier. 
 	Retail demand for butter in Europe is quite good, 
particularly driven now by Easter/Passover demand, as well as 
for use on asparagus which is now in season. Even so, 
institutional and store buyer demand is carefully timed as 
expectations are for some price softening after the religious 
holidays.    
	                                         
82% BUTTERFAT:            4,700 - 4,850                          
99% BUTTERFAT:            5,150 - 5,525                          

 
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