MD_DA104

     Butter/Butteroil - Europe

     Report 9 - Released on March 03, 2022


     The Western European butter price range is mixed and narrower. Low range pricing firmed
     while there was some relaxation in the top of the range, attributed to French butter prices.
     Butteroil prices are also mixed, up at the low end but lower at the top.

     Within the range some butter buyers have noted higher prices being enforced from preferred
     sources. Retailers are ordering more butter to stock supermarkets. Bulk butter sales for
     near term demand have also put upward pressure on pricing. Export demand has increased.
     Perhaps ironically, some manufacturers have attributed stronger butter demand from some oil
     exporting countries to increased purchasing power from the higher revenues being received
     for oil sales.

     Western European butter production and exports during 2021 both decreased. Germany, France,
     and Ireland collectively produced over half of Western European butter during 2021.




     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          6,675 - 7,200


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          6,675 - 8,650


     Information for the period February 21 -  March 4, 2022, issued biweekly

     Secondary Sourced Information:


     Western European butter production January – December 2021, 2,080,000 MT, decreased 2.7
     percent from January – December 2020 according to CLAL data made available to USDA. The
     percentage of 2021 EU butter production from some top countries is: Germany, 23 percent;
     France, 20 percent; Ireland, 13 percent; and Netherlands, 7 percent.

     Western European exports of butter January – December 2021, 263,000 MT,  decreased 15.9
     percent from January – December 2020 according to CLAL data made available to USDA. Top
     export destinations, volumes and percent change for the period are: United Kingdom, 53,246
     MT, -30.27 percent; United States, 43,317 MT, +10.76 percent; and China, 17,812 MT, +11.91
     percent.



     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
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