MD_DA104 Butter/Butteroil - Europe 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. Western 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: 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