MD_DA104 Butter/Butteroil - Europe Report 47 - Released on November 22, 2022 Prices for European butter are unchanged. But within the butter markets there are significant variations. Industry sources report manufacturers are busy producing more packaged butter and less bulk butter. Strong retail demand ahead of the year-end holidays is keeping packaged butter inventories tight. However, demand for bulk butter is more subdued. End users seem to have their near-term needs filled, and the gap between buyer and seller price expectations are preventing many transactions from moving forward. Market participants seem more willing to take a wait and see approach. Prices for European butteroil are steady to lower. Western Europe, 82% Butterfat, Free on Board - Port Butter Price Range - $/MT: 5,925 - 7,175 Western Europe, 99% Butterfat, Free on Board - Port Butteroil Price Range - $/MT: 7,975 - 9,100 Information for the period November 14 - 25, 2022, issued biweekly Secondary Sourced Information: European Butter Production According to CLAL data made available to USDA, EU September butter production is 156,993 MT, an increase of 0.9 percent from September 2021. EU butter production during January- September 2022 is 1,569,723 MT, a decrease of 1.3 percent from January-September 2021. Among some of the top butter producers, January - September 2022 butter production and the percentage change compared with January-September 2021 are Germany, 351,153 MT, -2.5 percent; France, 304,730 MT, -0.6 percent; Ireland, 215,170 MT, -3.8 percent; and Poland, 177,570 MT, +3.6 percent. YTD European Butter Exports Butter and other fats exports from the EU27 January - September 2022, 198,000 MT, are unchanged from January - September 2021 according to CLAL data made available to USDA. Main destinations January - September 2022, quantity, and percent change from last year are United Kingdom, 49,292 MT, +36.45 percent; United States, 32,509 MT, -3.77 percent; and China, 11,342 MT, -27.87 percent. Published by: Dairy Market News - Madison, WI MIKE BANDLI, (608)422-8592 Email: mike.bandli@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