Butter - Oceania
USDA - Thu Nov 09, 9:19AM CST
MD_DA124                                                         
DA                                                               
MD DA124 Butter - Oceania                                        

MADISON, WI.  November 09, 2017 (REPORT 45)                      

OCEANIA                                                          
INFORMATION GATHERED  10/30/2017 - 11/10/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

BUTTER:  

	Butter prices in Oceania weakened at the bottom of the price 
range. Slower current interest from China is cited as a factor, in 
addition to global pricing. 
       January-September NZ butter exports, 177,133 MT, decreased 15.1 
percent from the same period one year earlier, according to Eucolait. 
The range of monthly percentage changes in cumulative export volumes 
varies from -30.3 percent in January, to -11.8 percent in June. Export 
volumes and primary destinations are shown in the following table:

                           NZ Butter Exports
                           Main Three Destinations 
                           January-September 2017 
 
Destination                Quantity(MT)   Percent of Total  
China                      38,399                21.7 
Australia                  16,072                 9.1             
UAE                         8,696                 4.9 

       January-September NZ butteroil exports, 127,208 MT, decreased 19 
percent from the same period one year earlier, according to Eucolait. 
The range of monthly percentage changes in cumulative export volumes 
varies from -19.5 percent in May, to -9.4 percent in March. Export 
volumes and primary destinations are shown in the following table:

                           NZ Butteroil Exports
                           Main Three Destinations 
                           January-September 2017 
 
Destination                Quantity(MT)   Percent of Total  
Philippines                19,281                15.2 
China                      16,704                13.1             
Mexico                     16,278                12.8 
   
       January-September Australia butter exports, 7,612 MT, decreased 
50.3 percent from the same period one year earlier, according to 
Eucolait. The range of monthly percentage changes in cumulative export 
volumes varies from -54 percent in June, to -36.7 percent in April. 
Export volumes and primary destinations are shown in the following 
table:

                           Australia Butter Exports
                           Main Three Destinations 
                           January-September 2017 
 
Destination                Quantity(MT)   Percent of Total  
China                      1,618                 20.4 
Malaysia                   1,314                 16.5        
Singapore                  1,281                 16.1

       January-September China butter imports, 84,786 MT, increased 20.4 
percent from the same period one year earlier, according to Eucolait. 
The range of monthly percentage changes in cumulative import volumes 
varies from -1.2 percent in January, to +28.7 percent in June. Import 
volumes and primary origins are shown in the following table:
           
                            China Butter Imports
                            Main Three Origins
                            January-September 2017 
 
Origin                      Quantity(MT)   Percent of Total  
New Zealand                 44,305                52.3
Australia                   16,705                19.7
USA                         9,117                 10.8  

        At GDT Event 199 on November 7, the butter all contracts price, 
$5,516, decreased 3.6 percent. 
                                                    
                                                                 
82% BUTTERFAT:                           5,325 - 6,150    

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