MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  September 1, 2016 (REPORT 35)                        

OCEANIA                                                          
INFORMATION GATHERED  08/22/2016 - 09/02/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:    

Butter prices firmed at each end of the price range. Butter supplies 
are extremely tight in Australia, leading to some additional 
opportunities for New Zealand butter producers. Some Australian butter 
manufacturers are dealing with tight cream supplies, leading to paying 
higher prices to assure supplies. New Zealand butter exports January-
July 2016 increased 5.5% from the same period of 2015 according to 
Eucolait. This reversed March-June when 2016 exports lagged 2015 
exports. The top three export destinations and percentage of total 
exports are: China, 16.5%; Iran, 14.0%; and Egypt, 10.0%.
                                                      
                                                                 
82% BUTTERFAT:                           3,200 - 3,600           

0930c Eric.Graf@ams.usda.gov 
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