USDA Oceania Butter 02/12 10:00

AMS_1099 MARS

Butter - Oceania

Released on February 12, 2026

Prices for Oceania butter increased at both the top and bottom of the price 
range during the reporting period, driven primarily by near-term product 
availability constraints and strong demand dynamics. New Zealand is approaching 
the latter stages of the milking season, and sharply reduced offer volumes have 
heightened buyer urgency. Processor prices advanced, and the domestic futures 
curve shifted higher across all contracts. Export demand for Oceania butter 
remains firm, while domestic prices strengthened amid seasonal declines in milk 
output and butter production. Despite these seasonal reductions, milk output 
continues to exhibit healthy year-over-year growth. At GDT Event 397, butter 
prices rose sharply across all offered contracts, with March deliveries up 7.3 
percent, April - May contracts climbing 8.6 percent and June up 12.3 percent. 
No product was offered for July or August. Most sales (77 percent) were for 
April and May delivery, and North Asia dominated demand, purchasing 55 percent 
of the butter, followed by Southeast Asia/Oceania and Europe. While the volume 
sold was lower than the previous event, it remained higher than the same period 
last year.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 5350 - 5900


Information for the period February 2 - 13, 2026, issued biweekly

Secondary Sourced Information:

Dairy Australia recently released export data for Australia showing butter 
export volumes from July - December 2025 totaled 4,614 metric tons, a decrease 
of 52.0 percent compared to export volume totals from July - December 2024. 
During GDT event 397 on February 3, 2026, the average price for butter across 
all contract periods was $5,773 per metric ton, corresponding to an 8.8 percent 
increase in the butter price index from the prior event. The average price for 
the March contract was $5,546 per metric ton, with the March price index up 7.3 
percent. More information on butter prices at the most recent event can be 
found at https://www.globaldairytrade.info/en/product-results/butter/.

[0600059B]