USDA Oceania Butter 09/11 09:30

AMS_1099 MARS

Butter - Oceania

Released on September 11, 2025

Oceania butter prices decreased during the reporting period, with a modest 
decrease at the top of the price range and a larger decrease at the bottom of 
the range. Oceania's current milk production season is off to a strong start, 
with notable year-over-year increases in both overall milk production and 
overall milk solids production. Export demand weakened during the reporting 
period, likely due to the ample supplies of competitively-priced U.S. butter in 
the global market. Domestic demand was steady and remained stronger than export 
demand.At Global Dairy Trade (GDT) event 387, price indices were down across 
all contracts except for the March 2026 contract, the latest contract on offer 
(up 1.6 percent). Price indices for the nearest-term contracts declined most 
sharply, with the indices for the October, November, and December contracts 
down 3.5 percent, 3.1 percent, and 2.7 percent, respectively. Declines in the 
first two contracts of 2026 were slightly more modest, with the indices for the 
January 2026 and February 2026 contracts down 2.0 percent and 1.1 percent, 
respectively. The volume of butter sold at event 387 was notably higher than 
the volume sold at event 386 and the volume sold at event 363, held one year 
ago. The top three buyers of butter at event 387 were North Asia, Southeast 
Asia/Oceania, and Europe, with North Asia purchases up relative to event 386.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 6875 - 7300


Information for the period September 1 - 12, 2025, issued biweekly

Secondary Sourced Information:

At GDT event 387 on September 2, 2025, the average price for butter across all 
contract periods was $6,969 per metric ton, corresponding to a 2.5 percent 
decrease in the butter price index from the prior event. The average price for 
the October contract was $7,114 per metric ton, with the October price index 
down 3.5 percent. More information on butter prices at the most recent event 
can be found at 
https://www.globaldairytrade.info/en/product-results/butter/.Dairy Australia 
recently released export data for Australia showing butter export volumes in 
July 2025 totaled 955 metric tons, down 34.5 percent year over year.

[0600059B]