Butter/Butteroil - Europe

     Butter/Butteroil - Europe

     Report 49 - Released on December 06, 2018

     Butter prices in Western Europe are weaker. The current price range is lower than this point
     in 2017. Butteroil prices are lower.
      Thoughts are expressed by some people that butter prices may not have bottomed out yet. The
     lower prices are noted as a factor driving increased butter sales for the European market.

      Most current and near-term butter production is destined for internal European use. It is
     challenging to move European butter into export markets right now, especially to price
     driven buyers. Internal European late year demand is keeping butter inventories from
     building up.
      In part, this is because the demand for cream use in holiday dairy manufacturing is
     competing with butter churning in Europe. Butter demand remains strong and stocks are being
     used to keep up with orders.

     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,725 - 5,150

     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          6,775 - 6,975

     Information for the period November 26 -  December 7, 2018, issued biweekly
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: eric.graf@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home