MD_DA104

     Butter/Butteroil - Europe

     Report 35 - Released on September 01, 2022

     The price range for European butter oil contracted as prices for European butter moved
     lower. That said, within the two-week period, butter prices seemed to dip and then recover.
     Industry contacts suggest demand for both packaged and bulk butter has picked up as more
     Europeans return from summer holidays. In addition, the fall/winter baking season is
     nearing, and buyers are eager to assure coverage. Inquiries are steady, but there is a
     disconnect between the price expectations of the buyers and sellers for longer term deals.
     Inventories are snug. With firm cream prices, tight milk supplies and higher costs for
     energy and labor, butter makers are uncertain how the supply side of the butter equation
     will unfold.



     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          6,850 - 7,750


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          8,750 - 9,425


     Information for the period August 22 -  September 2, 2022, 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