MD_DA104

     Butter/Butteroil - Europe

     Report 37 - Released on September 16, 2021

     European butter prices are firming. Industry sources say packaged butter orders are
     increasing because of summer holidays ending and favorable consumer prices in retail
     markets. Block butter manufacturers are also moving prices higher to cover the increased
     cost of cream supplies. Cream availability has diminished along with seasonal milk output
     declines, and, as a result, cream prices have increased. Butter production and supplies are
     more limited, but some buyers have yet to commit to making purchases beyond immediate needs.
     The price range for European butteroil has expanded.



     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,750 - 4,975


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          5,600 - 6,075


     Information for the period September 6 - 17, 2021, 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