MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  May 12, 2016 (REPORT 19)                           

OCEANIA                                                          
INFORMATION GATHERED  05/02/2016 - 05/13/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:   

Butter prices weakened at the top of the price range. Australian 
butter production during January 2016, was down 21.2% from the prior 
month, according to Dairy Australia. For the 2015/16 season through 
January, butter production was down 4.5% compared with the prior 
comparable period of 2014/15. Butter and butteroil exports from 
Australia, January-February 2016 compared to 2015, decreased 16%, 
according to GTA. New Zealand exports, in contrast, increased 9%. A 
reason for the weaker Australian butter exports compared with New 
Zealand, is that there is more domestic consumption in Australia than 
New Zealand. It is more challenging to source Australian butter for 
export.
                                                                 
82% BUTTERFAT:                           2,500 - 2,650           





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