USDA Oceania Butter 03/26 09:50

AMS_1099 MARS

Butter - Oceania

Released on March 26, 2026

Butter prices in Oceania strengthened across the full price range during the 
reporting period, supported by tight near-term availability. New Zealand is 
moving into the late stages of its milking season, heightening buyer demand. 
Milk production continues to show strong year-over-year growth, but seasonal 
declines in milk output and butter production have firmed domestic prices. 
Processor prices also moved higher, while the domestic futures curve slipped 
across all contracts except April. Although prices remain below year-ago 
levels, they have trended steadily upward in recent weeks.At Global Dairy Trade 
(GDT) Event 400, butter prices eased 0.9 percent overall. The May contract fell 
2.5 percent despite having the largest volume sold, while June posted the 
strongest gain at 2.7 percent. April and July recorded modest increases of 0.5 
percent and 0.2 percent, respectively, and no product was offered for August or 
September delivery. 80 percent of available butter sold for May and June 
shipment. Southeast Asia/Oceania led purchasing, followed by North Asia (which 
bought 28 percent of the volume), and Europe. Total butter volume sold was 
comparable to Event 399 and remained above year-earlier levels.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 6850 - 7125


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

Secondary Sourced Information:

New Zealand's latest export data shows February 2026 butter exports reached 
25,439 metric tons, up 2.3 percent from a year earlier. Despite the February 
increase, year to date exports for 2026 totaled 54,586 metric tons, a decrease 
of 2.4 percent from the same period in 2025.At GDT Event 400 on March 17, 2026, 
the average butter price index across all contract periods slipped 0.9 percent 
from the prior event to $6,868 per metric ton. The April contract averaged 
$6,610 per metric ton, edging 0.5 percent higher. Additional butter pricing 
details are available at 
https://www.globaldairytrade.info/en/product-results/butter/.

[0600059B]