MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  June 22, 2017 (REPORT 25)                          

OCEANIA                                                          
INFORMATION GATHERED  06/12/2017 - 06/23/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:    

	Oceania butter prices are higher, but below levels in Western 
Europe. Nevertheless, Oceania prices are at a 2016-2017 high. The 
continuing strength in demand and pricing for dairy fats keeps driving 
butter prices. This is expected to continue for the immediate future. 
Some Oceania observers also noted the "pull" factor that higher 
Western European prices are having on butter prices in Oceania.
       This year, January-April, Australia butter exports show a 35.5 
percent 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-April 2017 
 
Destination     Quantity(MT)   % of Total  
China              744            19.7% 
Singapore          697            18.5% 
Malaysia           647            17.1%
 
     At GDT Event 190 on June 20, the butter all contracts price 
increased 2.9%.
 
                                                                 
82% BUTTERFAT:                           5,500 - 6,050           

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