MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  May 26, 2016 (REPORT 21)                           

OCEANIA                                                          
INFORMATION GATHERED  05/16/2016 - 05/27/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:      

Butter prices in Oceania strengthened at each end of 
the price range. Factors supporting price strength were 
the nearing of the end of the milk production season 
and stronger prices in the EU. This also follows GDT 
Event 164 on May 17, when butter in the early contract 
periods increased 2.4% and 8.9%. Dairy Australia 
reports that butter exports from Australia July 2015-
March 2016, declined 40.7% compared with the same 
portion of the last production season. The value of 
butter exports declined 34.5%. New Zealand butter 
exports January-March this year are down 2.5% from the 
same period of 2015, according to Eucolait.                         
                                                                 
82% BUTTERFAT:                           2,600 - 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