MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  August 6, 2015 (REPORT 31)                          


OCEANIA                                                          
INFORMATION GATHERED  07/27/2015 - 08/07/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER: Oceania butter prices are lower. Due to higher U.S. prices, 
butter exports have increased. Some butter importers are reaching 
their import caps. Some butter manufacturers are looking to find 
better pricing levels as the GDT continues to decline. Demand is 
uneven.  

According to GTIS, China's January-June 2015 butter imports reflected 
a 26% decline compared to last year.  AMF imports were down 60% for 
the same period last year. New Zealand still supplies the vast 
majority of butter and AMF going into China. 
At the August 4 GDT event #145, unsalted butter prices averaged 
$2,300/MT for October contracts, -6.3% from the prior event. Butter 
prices averaged $2,293/MT for all contracting periods, -6.1% from the 
prior event. 

AMF prices averaged $2,105MT for October contracts, -27.2% from the 
prior event. For all contracting periods, the AMF price average was 
$2,253/MT, -11.7%.  
                                                               
82% BUTTERFAT:                           2,250 - 3,000           
            


                                                                                                         
0930C Tara.Herbst@ams.usda.gov 608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy 
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home