MD_DA104

     Butter/Butteroil - Europe

     Report 11 - Released on March 18, 2021


     With reports of higher butter prices coming from the primary Western European butter
     producing countries, Germany, France, Netherlands, Belgium and Ireland, the price range
     moved higher. The butteroil price range is steady to higher.

     Buyers seeking butter are finding that availability is tighter than they would like. In
     part, this reflects some manufacturers being deliberate in the pacing of making butter
     available because they hope for prices to continue firming and feel delayed sales will
     enhance profits. This is juggled against the exigency of remaining hospitable to regular
     buyers with current needs.

     Also, in the mix, there is increasing interest coming from new export customers. The current
     price premium for Oceania butter over Western European butter has encouraged increased
     shopping around from buyers typically looking toward Oceania. Western European butter is
     increasingly a seller’s market.






     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,575 - 5,075


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,825 - 5,850


     Information for the period March 8 - 19, 2021, issued biweekly
     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