Report 33 – Released on August 19, 2021

The European butter price range narrowed, moving up at the bottom and down at the top of therange. Industry contacts suggest that as Europeans end their summer holidays, demand forpackaged butter has become more active. Buyers want to refill their stocks for near termneeds. However, commercial butter buyers are also anxious to see how the emerging Deltavariant COVID cases may affect market demand before committing to more purchases. Europeanbutteroil prices moved lower, presumably as shoppers take a wait and see approach. Marketobservers note that cream prices are lifting; as such, the price expectations for butterbuyers and sellers may diverge.

     Western Europe, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,500 - 4,850


     Western Europe, 99% Butterfat, Free on Board - Port Butteroil
     Price Range - $/MT:                          4,800 - 5,950


     Information for the period August 9 - 20, 2021, issued biweekly

Secondary Sourced Information:

EU butter production during January-June 2021 is estimated at 1,103,550MT, a decrease of1.0 percent from January-June 2020 according to CLAL data made available to USDA. Among someof the top butter producers, January -June 2021 butter production and the percentage changecompared with January-June 2020 are Germany, 255,030 MT, -5.0 percent; France, 215,320 MT,-3.8 percent; Ireland, 137,490 MT, +5.7 percent; and Poland, 118,960 MT, -4.8 percent.

 Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@usda.gov

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