MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  January 05, 2017 (REPORT 1)                        

OCEANIA                                                          
INFORMATION GATHERED  12/26/2016 - 01/06/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  

Butter prices in Oceania are slighter higher at the bottom of the 
price range but steady at the top this week. Buyers are finding 
availability tighter. Volumes of butter exports from New Zealand 
January-October 2016 increased 4.7% from the same period in 2015 
according to Eucolait. The main destinations and percentage of total 
were: China, 16.1%; Iran, 10.4%; and Egypt, 9.1%. At GDT Event 179 on 
January 3, 2017, the all contracts butter price percentage change was 
+0.5%.
                                                                                                                         
82% BUTTERFAT:                           4,300 - 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