USDA Oceania Butter 10/23 09:30

AMS_1099 MARS

Butter - Oceania

Released on October 23, 2025

Oceania butter prices declined during the reporting period, with decreases at 
both the bottom and the top of the price range. Production remains active as 
Oceania's milk production reaches its seasonal peak. Milkfat is readily 
available, with New Zealand recently reporting its fifth straight month of 
record-breaking milk solids output. Export prices remained below domestic 
prices, though prices for domestic futures contracts fell to levels either 
below or at parity with export prices. Export demand weakened slightly, while 
price movements in both domestic and export markets suggest supply is 
plentiful.At Global Dairy Trade (GDT) event 390, butter price indices decreased 
across most contracts on offer. The magnitude of changes were consistent across 
near-term and long-term contracts, with the November, January, February, and 
March contracts each decreasing between 1.2 percent and 1.7 percent. The price 
index for the December contract increased slightly and was up 0.1 percent 
compared to the prior event. No product was offered for delivery in April 2026. 
Less butter was sold at event 390 than at the prior event, but the total volume 
sold at event 390 was in line with the volume sold at event 366, held one year 
ago. The North Asia region purchased most of the butter on offer at event 390, 
followed by Southeast Asia/Oceania and Europe.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 6625 - 6850


Information for the period October 13 - 24, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 390 on October 21, 2025, the average price for butter across 
all contract periods was $6,662 per metric ton, corresponding to a 0.8 percent 
decrease in the butter price index from the prior event. The average price for 
the November contract was $6,689 per metric ton, with the November price index 
down 1.2 percent. More information on butter prices at the most recent event 
can be found at https://www.globaldairytrade.info/en/product-results/butter/. 
Recently released export data from New Zealand showed September 2025 butter 
export volumes were 15,085 MT, an increase of 5.9 percent from the year prior. 
Export volumes of butter from January - September 2025 were 189,948 MT, up 9.3 
percent from the same time frame a year ago.Beginning November 1, 2025, this 
report will be published at 11:30 AM EST/10:30 AM CST.

[0600059B]