USDA Oceania Butter 02/26 10:55

AMS_1099 MARS

Butter - Oceania

Released on February 26, 2026

Butter prices in Oceania increased sharply across the full price range during 
the period, driven by tight near-term product availability. New Zealand is 
entering the late stages of its milking season, and reduced offer volumes have 
intensified buyer demand. Processor prices moved higher, and the domestic 
futures curve strengthened across all contracts. While butter prices remain 
below year ago levels, they have risen steadily in recent weeks. Milk 
production continues to show strong year over year growth, and domestic prices 
firmed amid seasonal declines in milk output and butter production.At GDT Event 
398, butter prices advanced, with the March contract up 13 percent despite 
recording the second lowest volume sold by contract. More than 80 percent of 
available butter was sold for April and May delivery, where prices increased 
9.8 and 11.9 percent, respectively. North Asia accounted for 54 percent of 
total purchases, followed by Southeast Asia/Oceania and Europe. Butter volumes 
sold increased from Event 397 and exceeded levels recorded a year earlier.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 5750 - 6650


Information for the period February 16 - 27, 2026, issued biweekly

Secondary Sourced Information:

Recently released New Zealand trade data show January 2026 butter exports 
totaled 29,333 metric tons, down 5.5 percent from the prior year.At GDT Event 
398 on February 17, 2026, the average butter price across all contract periods 
was $6,347 per metric ton, reflecting a 10.7 percent increase in the butter 
price index from the previous event. The March contract averaged $6,275 per 
metric ton, with its price index up 13 percent. Additional details on butter 
prices at the event are available at the Global Dairy Trade website: 
https://www.globaldairytrade.info/en/product-results/butter/.

[0600059B]