Report 43 – Released on October 24, 2019

Butter prices in Western Europe firmed. Within Western Europe, butter pricing varies. German pricing is steady. French pricing is slightly lower. Dutch pricing is slightly up. Domestic demand remains strong. Contracting for the rest of 2019 is mostly completed. Q1 2020 contracting is underway. Some buyers are getting more favorable prices from private stocks as opposed to manufacturers. That has led to more sales activity from existing stocks. Of course, this is leading to some more recently manufactured butter going to storage, which seems acceptable to manufacturers with holiday demand ahead.

estern Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          3,875 - 4,150


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,900 - 5,350


     Information for the period October 14 - 25, 2019, issued biweekly

Secondary Sourced Information:

EU January – August 2019 butter production increased 3.7 percent from the same period last year, according to CLAL data made available to USDA. January – August 2019 butter exports from the EU, 109,279 MT, are 22.1 percent higher than during January – August 2018, according to Eucolait. Main destinations are shown in the following table.

EU Butter Exports Jan. – Aug. 2019

     Country              Quantity MT    % Total

     United States        25,638         23.5
     Japan                 6,763          6.2
     China                 6,698          6.1
     Source: Eucolait

     January – August 2019 butteroil exports from the EU, 17,255 MT, are 11.6 percent lower than
     during January – August 2018, according to Eucolait. Main destinations are shown in the
     following table.
     EU Butteroil Exports Jan. – Aug. 2019

     Country              Quantity MT    % Total

     Saudi Arabia         2,787          16.2
     Indonesia            1,883          10.9
     Algeria              1,265           7.3
     Source: Eucolait
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

     Additional Dairy Market News Information:
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