MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  April 13, 2017 (REPORT 15)                         

OCEANIA                                                          
INFORMATION GATHERED  04/03/2017 - 04/14/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:    

      Oceania butter prices declined. With the current increase 
in European butter pricing, Oceania and Europe are moving closer 
together in pricing. Demand for butter from Oceania is still 
strong but lower priced European butter has become attractive to 
some buyers. Production in the region is somewhat constrained 
due to lower milk supplies. Some Oceania manufacturers of dairy 
products have changed product formulations to reduce the need 
for butter. 
	Australian butter exports, for the season through February, 
show lower sales volumes and revenue. Dairy Australia reports 
the data as follows:

Australia Butter Exports
Butter: July 2016-Feb. 2017

Quantity MT	% Change
10,427		-20.8%

1,000 AUD		% Change
53,408		-22.3%

      At GDT Event 185 on April 4, the butter all contracts price 
decreased 1.6% and the May contract price decreased 10.8%. 
      The March 2017 Dairy Market News international monthly 
average for Oceania butter is $4,936, compared with $2,772 for 
March 2016.
      


82% BUTTERFAT:                           4,825 - 5,350   

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