MD_DA104                                                         
DA                                                               
MD DA104 Butter/Butteroil - Europe                               

MADISON, WI.  October 12, 2017 (REPORT 41)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  10/02/2017 - 10/13/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            
                                                                 
WESTERN EUROPE                                                   
                                                                 
BUTTER/BUTTEROIL:    

	Butter prices in Western Europe weakened. Prices have generally trended 
higher much of the year. Now, following seven consecutive periods of 
strengthening prices at each end of the price range, this is the second 
consecutive period of weaker prices at each end. Butteroil prices strengthened.
	Domestic demand in some countries such as Germany has weakened this year. 
January-August, as prices of butter trended up, retail sales declined according 
to a retail tracking firm. Some consumers responded to higher prices by shifting 
purchases of butter to mixed fats. Store orders began to increase again during 
the last week of September. Overall stocks of butter are very comfortable from 
the perspective of manufacturers. While end of year holiday demand was expected 
to strengthen butter sales, price moderation should nudge that along.
       The Dairy Market News international monthly average price in dollars /metric 
ton for Western Europe butter prices in September, 2017, $8,064, compares with 
$4,301 one year earlier. The Dairy Market News international monthly average 
price in dollars /metric ton for Western Europe butteroil prices in September, 
2017, $8,212, compares with $4,258 one year earlier.

82% BUTTERFAT:            7,325 - 7,800                          
99% BUTTERFAT:            7,250 - 9,400                  




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