MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  July 06, 2017 (REPORT 27)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  06/26/2017 - 07/07/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:   

      Butter prices in Western Europe strengthened at each end of 
the price range for the ninth consecutive report period. 
However, much of the increase for the two week period was 
reached earlier in the period, with prices late last week until 
now being more stable. The highest prices at the top of the 
price range represent very few transactions in certain time and 
location sensitive situations. Butteroil prices also 
strengthened. Among significant butter producing nations, butter 
prices are strongest in Germany and France, slightly lower in 
the Netherlands and Italy. It is believed that a number of 
domestic European buyers have not yet covered butter needs for 
later in 2017, which remains an element of uncertainty as to 
pricing movements. Export activity has slowed.
      The Dairy Market News international monthly average price 
in dollars/metric ton for European butter prices in June, 2017, 
$6,430, compares with $2,930 one year earlier. 
                                             
82% BUTTERFAT:            6,800 - 7,025                          
99% BUTTERFAT:            6,000 - 7,300                          


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-
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