Report 49 – Released on December 03, 2020

The butter price range in Western Europe is steady. Some plants with pricing within the range notched prices higher in sales this period. The highest butter prices are reported in Belgium, followed by Germany, Italy, France, then Netherlands. The butter oil price range is steady to higher.

Normal seasonal holiday retail demand for packaged butter is boosted this year by more home consumption related to COVID-19. Bulk butter demand comes mostly from within the EU. Most sales interest is short term delivery dates. New export interest to the rest of the world is currently slow. COVID-19 and Brexit uncertainties are matters of concern as to how butter pricing may be affected.

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 - 4,950


     Information for the period November 23 -  December 4, 2020, issued biweekly
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@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