USDA Oceania Butter 05/07 10:05

AMS_1099 MARS

Butter - Oceania

Released on May 07, 2026

Butter prices in Oceania moved lower across the entire price range this 
reporting period. Processor prices are down from both last month and last year. 
The futures curve eased across all contracts except October, which edged up by 
0.8 percent. March butter exports rose 9 percent from a year earlier and are up 
7 percent year-to-date. Increased shipments to North America, Asia (excluding 
China), and Europe were slightly offset by reduced volumes going to China. A 
major New Zealand dairy cooperative also reported that its projected total 
butter offering for the next 12 months remains unchanged.Butter prices at 
Global Dairy Trade (GDT) Event 403 declined noticeably, as all contract periods 
posted negative movements, led by a 7.7 percent drop for September. Price 
indices for June, July, and August were also weaker, each down between 1.9 and 
2.5 percent. No butter was offered for October or November delivery. July 
accounted for 66 percent of all butter sold. Total butter volume sold was lower 
than both Event 402 and year-ago levels. North Asia was the leading buyer, with 
Europe and Southeast Asia/Oceania following. In total, North Asia purchased 51 
percent of product offered.The continued decline in butter prices reflects 
abundant global supply and increased competition, particularly from US CME 
butter, which remains priced below other international offerings. European 
values have stayed relatively steady, supported by strong seasonal milk output 
and consistent cream availability. These factors continue to apply downward 
pressure on the butter market.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 5650 - 6250


Information for the period April 27 - May 8, 2026, issued biweekly

Secondary Sourced Information:

At GDT Event 403 on May 5, 2026, the average butter price index across all 
contract periods fell 2.6 percent from the previous event to $5,525 per metric 
ton (MT). The June contract declined 2.5 percent to an average of $5,358/MT. 
Additional butter pricing details are available at 
https://www.globaldairytrade.info/en/product-results/butter/.

[0600059B]