MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  April 27, 2017 (REPORT 17)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  04/17/2017 - 04/28/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:                                                

       European butter and butteroil prices firmed, reaching the 
highest level of 2017. Dutch butter prices increased more than in 
Germany and France. Packaged butter is in strong demand. Block butter 
demand is stable. Most short term needs for butter are covered. 
Locking in contracts for later dates is ongoing. Buyers are 
apprehensive about current high prices strengthening further, but 
also slightly hopeful of dips ahead. Manufacturers tend to have some 
confidence that demand for dairy fats will contribute to continuing 
butter price strength in coming months.                      
       Butter exports from Western Europe January-February this year 
were 21.5% lower than last year according to Eucolait. Export volumes 
and primary destinations are shown in the following table:
 
		           Main Destinations 
		         January-February 2017 
 
Destination  	Quantity (MT) 	% of total  
USA 			3,700 		18.1% 
Saudi Arabia 	1,530  		 7.5% 
Singapore 	  	1,211  		 5.9%
 
       EU imports of butter during January-February 2017 increased 
36.3% from one year earlier, according to Eucolait.
       Butteroil exports from Western Europe January-February this year 
were 69% lower than last year according to Eucolait. Export volumes 
and primary destinations are shown in the following table:
 
		           Main Destinations 
		         January-February 2017 
 
Destination  	Quantity (MT) 	% of total  
Indonesia 		688 			19.2% 
Saudi Arabia 	582  			16.3% 
China 	  	470  			13.1%
 
82% BUTTERFAT:            4,800 - 4,925                          
99% BUTTERFAT:            5,375 - 5,675     

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