MD_DA104

     Butter/Butteroil - Europe

     Report 3 - Released on January 20, 2022


     The Western European butter price range is higher. So too with the butteroil price range.
     Twin factors are supporting higher prices. Historically in January Western European butter
     prices strengthened in many recent years. This year packaged butter manufacturing has
     lagged, pulled back by milk production volumes.

     Bulk butter demand is strong in part because Q1 2022 contracting has been slow to finalize.
     Many buyers are now actively working to finalize deals. With this happening, sources say
     that Poland has stepped up attempting to place what is called an extensive order for Western
     European butter in the near term. All of this portends continuing price strength.



     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          6,500 - 6,950


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          6,400 - 8,625


     Information for the period January 10 - 21, 2022, issued biweekly

     Secondary Sourced Information:


     Western European butter production January – November 2021 decreased 1.9 percent from
     January – November 2020 according to CLAL data made available to USDA.

     Western European exports of butter January – November 2021 decreased 15.2 percent from
     January – November 2020 according to CLAL data made available to USDA.


     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