USDA Oceania Butter 07/03 09:30

AMS_1099 MARS

Butter - Oceania

Released on July 03, 2025

Oceania butter prices fell dramatically during the reporting period, declining 
by at least $500 per metric ton at each end of the price range. Though butter 
manufacturing is light with milk production essentially shut down for the 
Oceania winter, the lower end of the price range is beginning to include 
longer-term contracts looking toward peak milk output in the fall. Inventories 
are somewhat tight, and domestic prices are near the higher end of the price 
range. At GDT event 383, the average price for the August contract was $8,033 
per metric ton, reflecting near-term supply tightness and higher prices for 
European butter. A gap is opening between European and Oceania butter prices, 
potentially lending strength to export demand. Prices declined across all 
contract periods at GDT event 383, where 84 percent more butter was sold 
compared to GDT event 382. However, most of the increased product volume is 
destined for delivery in the fall on longer-term contracts.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 7300 - 7900


Information for the period June 23 - July 4, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 383, on July 1, 2025, the average price for butter across all 
contracts periods was $7,522 per metric ton, corresponding to a 4.3 percent 
decrease in the butter price index from the prior event. The average price for 
the August contract was $8,033 per metric ton, with the August price index down 
5.5 percent. More information on butter prices at the most recent GDT 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 2024 - April 2025 were 14,212 MT, up 72.1 percent from the 
same time period a year earlier.Recently released export data from New Zealand 
showed May 2025 butter export volumes were 22,421 MT, a decrease of 2.2 percent 
from the year prior. Export volumes of butter from January - May 2025 were 
124,193 MT, up 11.2 percent from the same time frame a year ago.

[0600059B]