MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  August 03, 2017 (REPORT 31)                        

OCEANIA                                                          
INFORMATION GATHERED  07/24/2017 - 08/04/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  
	
	Butter prices in Oceania slightly weakened, slipping back from the 
high of 2017. Higher volumes were offered than at the prior event. That is 
viewed as a factor in weaker prices. Also mentioned is perceived buyer 
resistance to recent higher prices.                                                                                                       
       This year January-June, New Zealand butter exports, 129,929 MT, 
decreased 11.8 percent from the same period one year earlier, 
according to Eucolait. January-June, the range of percentage changes 
year to date in cumulative export volumes varies from -30.3 percent in 
January, to June's -11.8 percent.
       Export volumes and primary destinations are shown in the 
following table:

  		 New Zealand Butter Exports
		 Main Three Destinations 
		 January-June 2017 
 
Destination     Quantity(MT)   Percent of Total  
China           26,247              19.5 
Australia       12,474               9.3 
Iran             8,004               6.0

       The Dairy Market News international monthly average price in 
dollars/metric ton for Oceania butter prices in July, 2017, $6,046, 
compares with $2,282 one year earlier. 
       At GDT Event 193 on August 1, the butter all contracts price 
decreased 4.9 percent.

82% BUTTERFAT:                           5,750 - 6,200           


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