MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  March 16, 2017 (REPORT 11)                         

OCEANIA                                                          
INFORMATION GATHERED  03/06/2017 - 03/17/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  

Oceania butter prices strengthened at the bottom of the price 
range. Butter price strength continues even with weakness in 
some other dairy products. Greater anxiety over tighter dairy 
fats supplies is sustaining this market. 

Australian exports of butter from July 2016-January 2017 
declined 15.1% from the same period one year earlier, according 
to Dairy Australia. The value of butter exports compared with 
one year earlier declined 17.9%.

Australian exports of butteroil from July 2016-January 2017 
declined 24.0% from the same period one year earlier, according 
to Dairy Australia. The value of butteroil exports compared with 
one year earlier declined 30.5%.

The Dairy Market News February 2017 Oceania butter monthly 
average price per metric ton was $4,550, compared with $2,976 
one year earlier.

At GDT Event 183 on March 7, the butter all contracts price 
increased 1.2% and the April contract price increased 5.6%. 

82% BUTTERFAT:                           4,625 - 4,850           


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