USDA Oceania Butter 06/20 09:30
06/20/2025 | 9:30 am CDT USDA Oceania Butter 06/20 09:30
AMS_1099 MARS Butter - Oceania Released on June 20, 2025 Oceania butter prices moved upward in the current reporting period, moderately increasing at the low end of the price range and substantially increasing at the high end of the price range. Milk production in Oceania is at its seasonal low point, keeping inventories tight and providing support for steady-to-higher product prices. Domestic demand is light, with domestic prices remaining below export prices. Near-term export demand is notably strong. During Global Dairy Trade (GDT) event 382, the all-contracts average price for butter reached its second-highest level on record.Nearly a third of the butter sold at GDT event 382 was sold to buyers in the Middle East; this was a notable jump from event 381, where Middle Eastern buyers purchased no butter. This surge in demand may signal stockpiling efforts in the region in response to recent geopolitical tensions.At GDT event 382, price indices increased for the July, August, and September contracts by 3.6 percent, 4.7 percent, and 2.7 percent, respectively. Conversely, price indices decreased for the October, November, and December contracts by 2.9 percent, 4.2 percent, and 2.6 percent, respectively. The total volume of butter sold at GDT event 382 was slightly above the volumes sold at both the prior GDT event and at GDT event 358, held a year ago. Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter Price Range - Dollars per Metric Ton: 7800 - 8475 Information for the period June 9 - 20, 2025, issued biweekly Secondary Sourced Information: During GDT event 382 on June 17, 2025, the average price for butter across all contract periods was $7,890 per metric ton, corresponding to a 1.4 percent increase in the butter price index from the prior event. The average price for the July contract was $8,507 per metric ton, with the July price index up 3.6 percent from the prior event. More information on butter prices at the most recent GDT event can be found at https://www.globaldairytrade.info/en/product-results/butter/. [0600059B]