MD_DA104

     Butter/Butteroil - Europe

     Report 19 - Released on May 12, 2022

     The market tone for European butter is relatively stable. However, prices moved lower at
     both ends of the price range, partly due to changes within currency exchange rates and
     partly due to pushback from some buyers against higher prices. Industry sources suggest
     butter exports into third countries have gotten more difficult as butter from other regions
     is offered at lower prices. Price expectations for buyers and sellers are diverging within
     contract negotiations. In addition, some sources note that retail demand has softened, due,
     in part, to consumers walking away from higher prices at the checkout. Block butter demand
     has recently picked up. There is a little better availability of butter supplies as butter
     manufacturers are keeping active production schedules and catching up on current orders. The
     European butteroil price range narrowed, moving up at the bottom of the range and down at
     the top of the range.



     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          7,425 - 7,775


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          6,725 - 10,600


     Information for the period May 2 - 13, 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