Report 15 – Released on April 15, 2021

Western European butter prices are mixed. Low range prices increased slightly while highrange prices weakened. The low range price is the highest of 2021. Butteroil prices arehigher at each end of the price range. This brings the high range price to the highest of2021.

The easing of the highest butter prices is attributed to softer demand post April religiousholidays. One factor is that some buyers may have purchased more than they needed forimmediate demand. A second factor cited is that the spring asparagus season is later thannormal. Once the season arrives there will be a lot of butter melted in furtherance ofeating asparagus. All in all the prices are essentially steady with very slight movement atthe ends of the price range. Prices at many individual plants are steady.

     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,800 - 5,000


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,800 - 6,250


     Information for the period April 5 - 16, 2021, issued biweekly

Secondary Sourced Information:

EU exports of butter during January 2021, 12,848 MT, decreased 24 percent from January 2020according to Eurostat. The top three export destinations, volumes and percent changeJanuary 2020 to January 2021 are USA, 2,561 MT, -2 percent; Saudi Arabia, 765 MT, -60percent; and Morocco, 260 MT, -77 percent.

Published by:

Dairy Market News – Madison, WI

Eric Graf, 608.422.8590

Email: Eric.Graf@usda.gov

DMN Website: https://www.ams.usda.gov/market-news/dairy

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