USDA Oceania Butter 03/12 10:15

AMS_1099 MARS

Butter - Oceania

Released on March 12, 2026

Butter prices in Oceania rose sharply across the full price range during the 
reporting period, supported by tight near-term availability. New Zealand is 
moving into the late stages of its milking season, intensifying buyer demand. 
Milk production continues to show strong year-over-year growth, and domestic 
prices firmed amid seasonal declines in milk output and butter production. 
Processor prices moved higher, and the domestic futures curve strengthened 
across all contracts. Although prices remain below year-ago levels, they have 
trended steadily upward in recent weeks. January butter exports also exceeded 
volumes recorded last year.At Global Dairy Trade (GDT) Event 399, butter prices 
advanced across all offered contract periods. The April contract increased 5.5 
percent despite posting the second-lowest volume sold among delivery months. 
More than 80 percent of available product was sold for May and June delivery, 
where prices strengthened 6.9 and 5.5 percent, respectively. The July contract 
gained 2.7 percent, while no product was offered for August or September 
delivery. North Asia accounted for 56 percent of total purchases, followed by 
Southeast Asia/Oceania and Europe. Although overall butter volume sold declined 
from Event 398, it remained above levels recorded a year earlier.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 6475 - 6900


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

Secondary Sourced Information:

Dairy Australia recently released export data for Australia showing butter 
export volumes from July 2025 - January 2026 totaled 4,969 metric tons, a 
decrease of 53.1 percent compared to export volume totals from July 2024 - 
January 2025.At GDT Event 399 on March 3, 2026, the average butter price index 
across all contract periods increased 6.1 percent from the previous event, 
reaching $6,728 per metric ton. The April contract averaged $6,576 per metric 
ton, with its price index up 5.5 percent. Additional details on butter pricing 
are available at https://www.globaldairytrade.info/en/product-results/butter/.

[0600059B]