MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  August 04, 2016 (REPORT 31)                        

OCEANIA                                                          
INFORMATION GATHERED  07/25/2016 - 08/05/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER: 

Butter prices in Oceania firmed slightly at the bottom of the 
price range. Most manufacturers have low sales activity at this 
point in the year. At GDT Event 169 on August 2, while butter 
prices for the September contract increased 0.8%, the all 
contract price increased 6.6%. New Zealand butter exports 
January-June 2016 declined 0.4% from the same period of 2015 
according to Eucolait. The top three export destinations and 
percentage of total exports are: China, 16.1%; Iran, 12.9%; and 
Egypt, 11.2%.
                                                         
                                                                 
82% BUTTERFAT:                           2,800 - 3,000           


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