USDA Oceania Butter 01/29 11:00

AMS_1099 MARS

Butter - Oceania

Released on January 29, 2026

Prices for Oceania butter increased at both ends of the price range during the 
reporting period. Export demand for Oceania butter continues to maintain 
strength, even with a sizable premium over U.S. butter prices. Domestic prices 
strengthened as milk output and butter production declined seasonally, though 
milk output continues to exhibit strong year over year growth. Butter prices 
increased at GDT event 396, where the GDT price index lifted by 2.1 percent. 
The near-term contract for February posted a small price decline, but only 11 
percent of sales were for delivery in this period. Over 80 percent of butter 
sold was for March and April delivery, where prices increased by 2.9 and 1.9 
percent, respectively. The North Asia region purchased 64 percent of butter 
sold, followed by Europe and Southeast Asia/Oceania. The volume of butter sold 
at event 396 increased from event 395 at the start of January and was higher 
than the same time a year ago.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 5250 - 5400


Information for the period January 19 - 30, 2026, issued biweekly

Secondary Sourced Information:

During GDT event 396 on January 20, 2026, the average price for butter across 
all contract periods was $5,314 per metric ton, corresponding to a 2.1 percent 
increase in the butter price index from the prior event. The average price for 
the February contract was $5,177 per metric ton, with the February price index 
down 0.4 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 from July - November 2025 totaled 3,374 metric tons, a decrease 
of 58.8 percent compared to export volume totals from July - November 2024. 
Recently released export data from New Zealand showed December 2025 butter 
export volumes were 37,299 MT, an increase of 14.8 percent from the year prior. 
Export volumes of butter in 2025 were 281,425 MT, up 9.2 percent from 2024.

[0600059B]