MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  August 20, 2015 (REPORT 33)                        

OCEANIA                                                          
INFORMATION GATHERED  08/10/2015 - 08/21/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER: Butter prices moved higher on the bottom. Some U.S. butter 
importers are reaching their quotas, but are saying it may be 
worthwhile paying duties if U.S. butter prices stay at the two dollar 
level. Some Oceana processors are reporting low stocks as most milk is 
clearing into cheese production. Lower stocks are also reported due to 
higher domestic demand.  
                                                         
            
According to GTIS, New Zealand butter exports decreased by 13.5% for 
the period of January through June. This is mainly due to China and 
Iran taking less than year ago levels.  

At the August 18 GDT event #146, unsalted butter prices averaged 
$2,580/MT for October contracts, +12.2% from the prior event. Butter 
prices averaged $2,541/MT for all contracting periods, +10.8% from the 
prior event. 

AMF prices averaged $2,736/MT for October contracts, +33.4% from the 
prior event. For all contracting periods, the AMF price average was 
$2,724/MT, +26.6%.  

                                                                 
82% BUTTERFAT:                           2,475 - 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