MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  December 08, 2016 (REPORT 49)                      

OCEANIA                                                          
INFORMATION GATHERED  11/28/2016 - 12/09/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER: 

Oceania butter prices firmed at each end of the price range. Prices 
are at the highest level of the year. In Australia, butter stocks are 
tight. Cream supplies available for making butter in Australia and New 
Zealand are limiting production. Partly this results from lower milk 
production. Many manufacturers and/or sellers are content to hold out 
for desired prices. Stocks are so tight that there are reports of some 
smaller volume commercial users of butter going to retail outlets and 
buying packaged butter for their manufacturing needs. At GDT Event 177 
on December 6, 2016, the all contracts butter price increased 1.7%. 
The November 2016 Dairy Market News monthly average for Oceania 
butter, $4,141, is up from $2,879 in November last year. 

82% BUTTERFAT:                           4,250 - 4,475           

                                                      

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