USDA Oceania Butter 08/28 09:55
08/28/2025 | 9:55 am CDT USDA Oceania Butter 08/28 09:55
AMS_1099 MARS Butter - Oceania Released on August 28, 2025 Prices for Oceania butter declined at the top of the price range during the recent reporting period while remaining steady at the low end. Oceania milk output is rising leading into the start of the spring season. As a result, cream supplies are readily available and butter production is increasing, but still remains light. Domestic demand is light and export demand is weak due to lower U.S. butter prices and the relative price of anhydrous milkfat (AMF). AMF is currently cheaper than butter on a milkfat-equivalent basis, though the difference between prices for these products is narrowing somewhat.At GDT event 386, butter prices fell across all contracts traded except for February 2026. Prices remain high for near-term deliveries, despite the September contract experiencing the largest decline in price from GDT event 385 in early August. The quantity of butter offered at GDT event 386 was slightly down from event 385, though still higher than the same time a year ago. Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter Price Range - Dollars per Metric Ton: 7050 - 7325 Information for the period August 18 - 29, 2025, issued biweekly Secondary Sourced Information: During GDT event 386 on August 19, 2025, the average price for butter across all contract periods was $7,144 per metric ton, corresponding to a 1.0 percent decrease in the butter price index from the prior event. The average price for the September contract was $7,413 per metric ton, with the September price index down 3.8 percent. More information on butter prices at the most recent event can be found at https://www.globaldairytrade.info/en/product-results/butter/.Recently released export data from New Zealand showed July 2025 butter export volumes were 21,592 MT, an increase of 11.4 percent from the year prior. Export volumes of butter from January - July 2025 were 160,492 MT, up 8.4 percent from the same time frame a year ago. [0600059B]