MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  August 03, 2017 (REPORT 31)                        

WESTERN EUROPE                                                   
INFORMATION GATHERED  07/24/2017 - 08/04/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:    

       Butter prices in Western Europe continue trending upward, once 
again reaching new 2017 highs. Among significant producers of butter, 
the highest prices are recorded in Germany with lower prices in 
Netherlands, then France, then Italy. Packaged butter demand has 
recently increased. Block butter demand is active. With overall milk 
supplies seasonally declining, markets are responding with higher 
cream and thus, butter prices. Contracting for the fourth quarter of 
the year is slow. Both buyers and sellers are being very cautious. 
Export activity is quiet.
	The Dairy Market News international monthly average price in 
dollars/metric ton for European butter prices in July, 2017, $7,205, 
compares with $3,379 one year earlier. 

82% BUTTERFAT:            7,200 - 7,675                          
99% BUTTERFAT:            6,400 - 8,350                          


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