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