MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  February 02, 2017 (REPORT 5)                       

OCEANIA                                                          
INFORMATION GATHERED  01/23/2017 - 02/03/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:                                                          
                                                                

Butter prices in Oceania are steady. A number of market participants 
commented on this being a slow and quiet trading period. Neither 
buyers or sellers were particularly motivated to give ground on 
pricing to make sales. Moreover, January is a summer holiday month in 
Australia. Many buyers are either on vacation or able to secure New 
Zealand butter, which has tended to keep Australian prices stable. New 
Zealand butter production is tending to hold steady. New Zealand 
butter exports January-November 2016 were up 7.4% according to 
Eucolait. The main export destinations and percent of total butter 
exports were: were China 16.2%; Iran, 9.6%; and Egypt, 8.4%. New 
Zealand and Australia are among the main butter(oil) exporting 
countries according to Global Trade Atlas. Imports of butter and 
butteroil by the main importing countries during January-November 2016 
compared with the same months of 2015, show the following percentage 
changes: China, +21%; Russia, -1%; Algeria, +17%; Mexico, +42%; Japan, 
-22%; and United States, +23%.

82% BUTTERFAT:                           4,375 - 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