MD_DA104

     Butter/Butteroil - Europe

     Report 33 - Released on August 19, 2021

     The European butter price range narrowed, moving up at the bottom and down at the top of the
     range. Industry contacts suggest that as Europeans end their summer holidays, demand for
     packaged butter has become more active. Buyers want to refill their stocks for near term
     needs. However, commercial butter buyers are also anxious to see how the emerging Delta
     variant COVID cases may affect market demand before committing to more purchases. European
     butteroil prices moved lower, presumably as shoppers take a wait and see approach. Market
     observers note that cream prices are lifting; as such, the price expectations for butter
     buyers and sellers may diverge.



     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,500 - 4,850


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,800 - 5,950


     Information for the period August 9 - 20, 2021, issued biweekly

     Secondary Sourced Information:

     EU butter production during January-June 2021 is estimated at 1,103,550MT, a decrease of
     1.0 percent from January-June 2020 according to CLAL data made available to USDA. Among some
     of the top butter producers, January -June 2021 butter production and the percentage change
     compared with January-June 2020 are Germany, 255,030 MT, -5.0 percent; France, 215,320 MT,
     -3.8 percent; Ireland, 137,490 MT, +5.7 percent; and Poland, 118,960 MT, -4.8 percent.


     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