MD_DA104 Butter/Butteroil - Europe Report 11 - Released on March 16, 2023 The European butteroil price range expanded, while the European butter price range moved lower. Industry sources describe an unsettled market with some variability of butter markets within the EU. Although European butter prices have largely trended lower, in some countries, such as Germany, prices have recently increased slightly. Contacts say demand is sound, and there is an expectation that orders, especially for retail packaged butter, will pick up as the spring holidays get closer. That said, block butter demand has been slower to develop. Butter production is active, as cream availability has increased, and prices for cream have fallen. Butter supplies are sufficient to meet most buyer needs. Western Europe, 82% Butterfat, Free on Board - Port Butter Price Range - $/MT: 4,825 - 5,275 Western Europe, 99% Butterfat, Free on Board - Port Butteroil Price Range - $/MT: 6,100 - 8,275 Information for the period March 6 - 17, 2023, issued biweekly Published by: Dairy Market News - Madison, WI MIKE 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