MD_DA104

     Butter/Butteroil - Europe

     Report 13 - Released on April 01, 2021


     The Western European butter price range is mixed. Higher low range prices contrasted with
     lower top range prices. Pricing is quite inconsistent from country to country as well as
     plant to plant. As for butteroil, low range prices are weaker while high range prices
     firmed. Many buyers and sellers expect butter prices to trend slightly higher in coming
     months.

     Packaged butter seems to be benefitting from COVID restrictions that are keeping people
     closer to home. Retailers report that more customers are cooking and baking at home. This
     has resulted in more retail demand for butter. Normally higher butter demand arising from
     religious celebrations is further heightened by people simply staying home. Bulk butter
     orders have slowed this week. Manufacturers state that ordering will increase next week.



     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,725 - 5,025


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,750 - 5,950


     Information for the period March 22 -  April 2, 2021, issued biweekly

     Secondary Sourced Information:


     EU butter production during January 2021 decreased 3.6 percent from January 2020 according
     to CLAL data made available to USDA. Among some of the top butter producers, the percentage
     changes January 2021 compared with January 2020 are Germany, +0.4 percent; France, -18.3
     percent; Netherlands, +18.9 percent; Italy, -3.0 percent; and Ireland, -9.9 percent.

     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov