MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  April 30, 2015 (REPORT 17)                         

OCEANIA                                                          
INFORMATION GATHERED  04/20/2015 - 05/01/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  Butter prices moved lower on the upper end of the range.  Trading 
activity has declined as numerous buyers have covered their near term 
needs.  Manufacturers in Oceania want to reduce uncommitted supplies prior 
to the end of the fiscal year, which ends on June 30 for Australia and 
July 31 for New Zealand.  Uncommitted supplies are more readily available 
in New Zealand.  Butter export data, released by GTIS, saw New Zealand's 
January to February exports fall 22.9%, compared to last year.  Australia 
was the main importer in February, which was unusual. China was the next 
highest importer.  New Zealand's AMF year to date exports declined 11.5% 
compared to last year.  The United States was the largest importer of  
AMF in February. 
                                                                                                                   
82% BUTTERFAT:                           2,950 - 3,600           

0930C rick.whipp@ams.usda.gov 608.557.7004
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home