Report 35 – Released on September 02, 2021

European butter and butteroil prices are mixed. Butter prices moved higher at the bottom ofthe range but held steady at the top of the range. Butteroil prices moved up at the bottomof the range, but inched lower at the top of the price range. Market activity has picked upas buyers return from summer holidays. Industry contacts say retail and food service butterorders have both slightly increased. In addition, buyers from food manufacturing are makingtheir butter and butteroil purchases to prepare for the next few months. As seasonal milkproduction slows, so does cream availability. With lower cream supplies, higher creamprices, and the subsequently higher butter prices, negotiations have taken a while toevolve. Buyers and sellers had differing price expectations but are coming to terms as theweather cools.

  Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,625 - 4,850


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          5,800 - 5,925


     Information for the period August 23 -  September 3, 2021, issued biweekly

Secondary Sourced Information:

Butter and other fats exports from the EU27 January – June 2021, 129,000 MT, decreased 25.8percent from January – June 2020 according to CLAL data made available to USDA. Maindestinations January – June 2021, quantity, and percent of the total are United States,20,920 MT, -8.40 percent; United Kingdom, 20,358 MT, -39.86 percent; and China, 11,427 MT,+41.09 percent.

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