Report 47 – Released on November 19, 2020

In Western Europe, the butter price range shifted higher. The highest butter prices tend to be in Belgium, followed by Germany, Italy, France, then Netherlands. The butter oil price range is also higher. Demand for packaged butter is called lively. Retail store sales demand is higher as consumers increase stocks at home based on COVID-19 concerns. In addition current advertising campaigns are featuring butter. Block butter buying interest has slowed.Some customers are delaying taking contracted production.

  Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          3,900 - 4,200


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,600 - 4,800


     Information for the period November 9 - 20, 2020, issued biweekly

Secondary Sourced Information:

EU butter production January – September 2020 increased 1.9 percent from January –September 2019 according to CLAL data made available to USDA.

EU butter exports January – September 2020, 201,000 MT, increased 35.7 percent from January– September 2019 according to CLAL data made available to USDA. The top destination for EU butter exports is the United States, +18.12 percent January – September 2020 YOY.

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