Report 13 – Released on April 01, 2021

The Western European butter price range is mixed. Higher low range prices contrasted withlower top range prices. Pricing is quite inconsistent from country to country as well asplant to plant. As for butteroil, low range prices are weaker while high range pricesfirmed. Many buyers and sellers expect butter prices to trend slightly higher in comingmonths.

Packaged butter seems to be benefitting from COVID restrictions that are keeping peoplecloser to home. Retailers report that more customers are cooking and baking at home. This has resulted in more retail demand for butter. Normally higher butter demand arising fromreligious celebrations is further heightened by people simply staying home. Bulk butterorders have slowed this week. Manufacturers state that ordering will increase next week.

 Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,725 - 5,025


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,750 - 5,950


     Information for the period March 22 -  April 2, 2021, issued biweekly

Secondary Sourced Information:

EU butter production during January 2021 decreased 3.6 percent from January 2020 accordingto CLAL data made available to USDA. Among some of the top butter producers, the percentagechanges January 2021 compared with January 2020 are Germany, +0.4 percent; France, -18.3percent; Netherlands, +18.9 percent; Italy, -3.0 percent; and Ireland, -9.9 percent.

   Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

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     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
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