MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  March 03, 2016 (REPORT 9)                          

OCEANIA                                                          
INFORMATION GATHERED  02/22/2016 - 03/03/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT    

BUTTER:                                                          

Butter pricing in Oceania weakened. Factors influencing pricing are lower 
regional demand, as well as weaker pricing in the EU. Cream is readily 
moving into other products as churning schedules are reduced. Dairy 
Australia reports that the volume of July-December 2015 butter exports was 
47.4% lower than the same period of 2014. The value of July-December 2015 
butter exports was 41.8% below the prior year. At the March 1 GDT event 
#159, NZ butter averaged averaged $2,757/MT for April contracts, -5.7% 
from the prior event. Butter for all regions and contracting periods 
averaged $2,811/MT, -0.5%. New Zealand AMF prices averaged $3,386/MT for 
April contracts, -4.9% from the prior event. For all contracting periods, 
the AMF price average was $3,254/MT, -8.3%.  
                                                           
82% BUTTERFAT:                           2,750 - 3,000           

0930c Eric.Graf@ams.usda.gov 608.557.7005
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