MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  October 15, 2015 (REPORT 41)                       

OCEANIA                                                          
INFORMATION GATHERED  10/05/2015 - 10/16/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:                                                          
Butter prices are up due to limited Australian supply and higher U.S. 
prices. Demand is strong domestically in Australia. Export demand in 
Oceania has slowed.  According to GTIS, New Zealand exports have 
dropped by 8.9% YTD. Through August, YTD China imported 19% less and 
Iran imported 65% less than year ago levels. AMF prices have 
strengthened due to similar pressures. At the October 6 GDT event 
#149, unsalted butter prices averaged $3,066/MT for December 
contracts, +1.5% from the prior event. Butter prices averaged 
$3,037/MT for all contracting periods, -2.3% from the prior event. AMF 
prices averaged $3,679/MT for December contracts, +8.0% from the prior 
event. For all contracting periods, the AMF price average was 
$3,763/MT, +9.9%.



                                                                 
82% BUTTERFAT:                           2,950 - 3,400           

        
                                                                                                         
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