MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  May 25, 2017 (REPORT 21)                           

OCEANIA                                                          
INFORMATION GATHERED  05/15/2017 - 05/26/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:                                                          
                                                            
      Oceania butter prices are higher. Prices have generally 
been trending up all season and show no signs of slowing down. 
Sources suggest there is quite a bit of uncertainty in the 
existing marketplace. Market participants continue to evaluate 
the overall impact of recent weather factors, as seasonal milk 
production edges to a close. Consequently, there is limited 
confidence as to whether or not factors affecting milk 
production weigh on the butter market. New Zealand's butter 
production effort focuses heavily on the global export market 
opportunities.  
      
      This year, January-March, Australia butter exports show a 
41.3% decline from the same period one year earlier, according 
to Eucolait. Export volumes and primary destinations are shown 
in the following table:
 

 		 Australia Butter Exports
		 Main Three Destinations 
		    January-March 2017 
 
Destination  	Quantity(MT)   % of Total  
Malaysia	        535  		 21.7% 
Singapore		   402  		 16.3% 
China	   	   308  		 12.5%
 
      
      At GDT Event 188 on May 16, the butter all contracts price 
increased 11.2%.


82% BUTTERFAT:                           5,025 - 5,425                                                                            



0930c daniel.johnson@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