MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  March 31, 2016 (REPORT 13)                         

OCEANIA                                                          
INFORMATION GATHERED  03/21/2016 - 04/01/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  

Butter prices are unchanged with light spot trading. The current 
pricing range is $550-$900 MT below the price range one year ago, 
$3,200-$3,750 MT. According to CLAL, the volume of the top butter 
importer during January 2016, China, was 14,807 MT, up 83% from 
January 2015. New Zealand led all countries in global butter and 
butteroil exports during January 2016, exporting 57,000 MT, down 4% 
from January 2015. Australia ranked third during January 2016, 
exporting 2,532 MT, down 18%. Dairy Australia January 2016 2015-
January 2016 butter production in Australia was 21.2% lower than 
January a year earlier.   There is increasing anxiety concerning lower 
butter export volumes in Australia and New Zealand. Pricing is already 
viewed as low, leaving manufacturers feeling that further price 
concessions are not feasible in terms of production costs and milk pay 
prices.                                                       
                                                                 
82% BUTTERFAT:                           2,650 - 2,850           



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