MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  April 28, 2016 (REPORT 17)                         

OCEANIA                                                          
INFORMATION GATHERED  04/18/2016 - 04/29/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  

Butter prices in Oceania weakened. Export activity varies between 
Australia and New Zealand. Ecolait reports that 2016 New Zealand 
butter exports through February compared with January-February 2015 
increased 12%. New Zealand exported about 20 times the volumes of 
butter as Australia. In Australia, butter exports declined 36.6%. 
During the first two months of 2016, the main destinations for New 
Zealand butter exports and percentage of total butter exports for the 
period were: Iran 18.5%; China 14.3%; and Egypt 10.7%. For Australia, 
butter exports and percentage of total butter exports for the period 
were: USA 17.3%; Malaysia 16.1%; and Singapore 13.5%.

                                                        
                                                                 
82% BUTTERFAT:                           2,500 - 2,700  

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