MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  May 11, 2017 (REPORT 19)                           

OCEANIA                                                          
INFORMATION GATHERED  05/01/2017 - 05/12/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:                                                          
                                                                 
      Oceania butter prices are steady to lower. Pricing is now 
even with Western Europe at the bottom of the price range, but 
still higher at the top. With the milk season winding to a 
close, lower milk production is also constricting butter 
production volumes. New Zealand, in particular, focuses on 
producing butter for export markets. This year January-March New 
Zealand exports of butter declined 17.2% from the same period 
one year earlier, according to Eucolait. Export volumes and 
primary destinations are shown in the following table:
 
 		New Zealand Butter Exports
		  Main Three Destinations 
			January-March 2017 
 
Destination  	Quantity (MT)  % of Total  
China 		11,009  		15.9% 
Australia 	 6,407  		 9.3% 
Saudi Arabia	 4,394  		 6.4%
 
      New Zealand's largest customer for butter, China, overall 
imported 20.9% less butter January-March than that same period 
in 2016. However, New Zealand continues to be the source of most 
of the butter imported into China.

                  China Butter Imports
                   Main Three Origins
                   January-March 2017 
 
Origin  		Quantity (MT)  % of Total  
New Zealand	16,522  		88.5% 
France		 1,156  		 6.2% 
Australia	   	   393  		 2.1%
      The Dairy Market News April 2017 Oceania butter monthly 
average price per metric ton was $5,106, compared with $2,655 
one year earlier.
      At GDT Event 187 on May 2, the butter all contracts price 
increased 1.1%.



82% BUTTERFAT:  			4,900 - 5,150                

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