MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  May 14, 2015 (REPORT 19)                           

OCEANIA                                                          
INFORMATION GATHERED  05/04/2015 - 05/15/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  Butter prices moved only marginally lower on the low end of the 
range.  Available supplies for export have tightened as milk production 
has moved lower.  Fluid cream and domestic butter demand is good in 
Australia, which is contributing to the tight supply situation.  Export 
demand remains fairly steady with good interest coming from Asia and the 
United States.  Butter export data, released by GTIS, saw New Zealand's 
January to March exports fall 10.4%, compared to last year.  Top 
destinations for New Zealand butter were the UAE, China, Egypt, Iran and 
Australia.  New Zealand's AMF year to date exports declined 1.4% compared 
to last year.  Demand for AMF expanded in the Philippines, Mexico and 
Egypt, while declining in the United States.  At the May 5 GDT event #139, 
butter prices averaged $2,986/MT for July contracts, +0.7% from the prior 
event.  Butter prices averaged $3,005/MT for all contracting periods, -
0.8% from the prior event.  AMF prices averaged $3,504/MT for July 
contracts, -6.5% from the prior event.  For all contracting periods, the 
AMF price average was $3,505/MT, -6.3%.  
 
82% BUTTERFAT:                           2,925 - 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