MD_DA104

     Butter/Butteroil - Europe

     Report 37 - Released on September 12, 2019

     Butter prices in Western Europe are higher, but varied between countries. Germany has the
     highest prices, followed by France, Italy, and Netherlands. Higher cream prices are noted.
     With milk production declining seasonally, EU observers believe that could remain a factor
     influencing butter prices.

     Demand for packaged butter in Western Europe is stronger. This is seasonally normal. Bulk
     butter demand is lower.

     Contracting for delivery through 2019 is slower because sellers are still seeking higher
     prices while buyers are resisting. Moving into 2020, little contracting has concluded
     because sellers and buyers are a bit too far apart in price expectations.

     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          3,775 - 4,175


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,875 - 5,750


     Information for the period September 2 - 13, 2019, issued biweekly
     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