MD_DA124

     Butter/Butteroil - Oceania

     Report 31 - Released on August 01, 2019

     Prices for butter in Oceania are steady. Most production is contracted. Spot market sales
     are infrequent. Contracting is underway for future months. Buyer interest is good.
     Production is expected to begin to increase in coming months.

     Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,375 - 4,500


     Information for the period July 22 -  August 2, 2019, issued biweekly

     Secondary Sourced Information:

     Butter exports from New Zealand January - June 2019, 255,000 MT, were up 5.8 percent from
     January - June 2018, according to CLAL data provided to USDA.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov