MD_DA104

     Butter/Butteroil - Europe

     Report 41 - Released on October 12, 2023

NOTICE: After October 16, 2023, all information found on this report will transition to a new PDF format. 
The same data will be collected and disseminated through AMS Marketing Analysis and Reporting 
Services (MARS) platform. The new pdf report can be accessed on the AMS website at:
https://www.ams.usda.gov/mnreports/ams_1098.pdf


     European butter prices are moving higher amid strong retail demand. Industry sources
     indicate that consumers are purchasing good amounts of packaged butter in advance of the
     fall and winter holidays. Inventories are decreasing, in part from the healthy demand but
     also because high cream prices are deterring butter production. Industry sources also relay
     good demand for bulk butter, and stocks put into the freezer have also been shrinking.
     Buyers and sellers are becoming more cautious as inventories get smaller and prices rise.
     European butteroil prices faltered somewhat. Demand for some finished goods that use
     butteroil is still below expectations.



     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,825 - 5,225


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          5,625 - 6,175


     Information for the period October 2 - 13, 2023, issued biweekly
     Published by:
     Dairy Market News - Madison, WI
     MICHAEL BANDLI, (608)422-8592
     Email: mike.bandli@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