MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  July 09, 2015 (REPORT 27)                          

OCEANIA                                                          
INFORMATION GATHERED  06/29/2015 - 07/10/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:                                                          
                                                                 
Oceania butter prices decreased in light trading. Supplies available for 
export are mixed with New Zealand having stocks available, while supplies 
for export in Australia are generally tight. Demand is seen as steady with 
increased interest coming from the Middle East and North Africa. Ramadan 
will end on July 17 and may provide an additional boost to demand.  

According to GTIS, China's January-May 2015 butter imports reflected a 29% 
decline compared to last year, but are above the 2013 volumes. AMF imports 
were down 60% for the same period last year. New Zealand accounted for the 
vast majority of butter and AMF going into China. 

At the July 1 GDT event #143, unsalted butter prices averaged $2,710/MT 
for September contracts, +0.9% from the prior event. Butter prices 
averaged $2,694/MT for all contracting periods, -0.3% from the prior 
event. AMF prices averaged $2,813/MT for September contracts, +1.5% from 
the prior event. For all contracting periods, the AMF price average was 
$2,855/MT, +1.6%.  
                                                                                                                         
82% BUTTERFAT:                           2,625 - 3,200           

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