MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  April 14, 2016 (REPORT 15)  

AMENDED AFTER SENDING                       

OCEANIA                                                          
INFORMATION GATHERED  04/04/2016 - 04/15/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  Current Oceania butter prices weakened following weakness in 
butter contracts during GDT Event 161 on April 5. Dairy Australia 
reports Australia butter production during January, 6,427 MT, was down 
21.2% from January 2015. For the season through January, 54,211 MT 
were produced, 4.5% below the same period in the prior production 
season. Primary export destinations for New Zealand butter January-
February, 2016, according to Eucolait, with percentage of total butter 
exports, were: Iran 18.5%; China 14.3%; and Egypt 10.7%.                                                    
                                                                 
82% BUTTERFAT:                           2,600 - 2,800           





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