MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  November 22, 2016 (REPORT 47)                      

OCEANIA                                                          
INFORMATION GATHERED  11/14/2016 - 11/25/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER: Oceania butter prices are slightly higher to steady. Demand 
remains strong while lower regional milk production constrains 
production. Volumes of butter exports from Australia July-September 
this year declined 2.6% from the same period last year according to 
Dairy Australia. The value of butter exports this year is 13.7% below 
last year. New Zealand butter export volumes January-September this 
year are 4.0% above the same period last year according to Eucolait. 
The main destinations and percent of the total are: China, 16.4%; 
Iran, 11.9%; and Egypt, 9.5%. At the November 15 GDT event #176, 
butter for all regions and contracting periods averaged $4,193/MT, 
+1.1%. The AMF price average was $5,348/MT, +4.4%.  

82% BUTTERFAT:                           4,025 - 4,200  

0100c 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