MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  June 08, 2017 (REPORT 23)                          

OCEANIA                                                          
INFORMATION GATHERED  05/29/2017 - 06/09/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  

Oceania butter prices increased, but remain below pricing in the EU. 
Oceania butter is now at the highest level of 2017. New Zealand 
exports of butter January-April, 2017, are down 8.3% in tons 
compared with January-April 2016, but up 32.3% in value, to 
$708.7 million, according to CLAL. At GDT Event 189 on June 6, 
the butter all contracts price increased 3.3% while the July 
contract price increased 12.9%. The Dairy Market News international 
monthly average price in dollars/metric ton for Oceania butter prices 
in May, 2017, $5,200 compares with $2,623 one year earlier.                                           

82% BUTTERFAT:                           5,400 - 6,000           

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