MD_DA124

     Butter/Butteroil - Oceania

     Report 11 - Released on March 16, 2023

     The Oceania butter price strengthened at the top of the range, but declined slightly at the
     bottom of the pricing range. Regional butter managers affirm that interest is mixed. At GDT
     event 327, buyers from North Asia were active with purchases, while several other regions'
     purchased volumes eased. As the Oceania production season steadily declines, reducing the
     butter supply, market representatives expect butter prices to fluctuate near current levels
     in the present climate.

     Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,850 - 5,000


     Information for the period March 6 - 17, 2023, issued biweekly

     Secondary Sourced Information:

     GLOBAL DAIRY TRADE
     At GDT event 327 on March 7, 2023, the butter all contracts price, $4,899 decreased 0.3
     percent. The April contract, $4,867, declined 1.3 percent.


     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: daniel.johnson4@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