USDA Oceania Butter 11/06 11:20

AMS_1099 MARS

Butter - Oceania

Released on November 06, 2025

Oceania butter prices fell substantially at the lower end of the price range 
during the reporting period as export prices declined. The upper end of the 
price range declined slightly due to lower domestic prices as production 
increases during the spring flush period. Milk supply is increasing globally, 
and butterfat output is particularly high, suppressing butter and anhydrous 
milkfat (AMF) prices. Export demand facing Oceania is consistent, but strong 
competition from U.S. and European exports is suppressing the market. At GDT 
event 391, butter prices declined across all contracts for which product was 
available. Near-term contracts especially saw marked declines, with the price 
index for the December contract declining by 4.8 percent and 5.5 percent for 
the January contract. Almost 60 percent of all butter sold at event 391 was for 
delivery in these two contract periods. The decline in prices can also be 
attributed to the quantity of butter sold, which was greater than at event 390 
and event 367 a year ago. The North Asia region purchased 73 percent of butter 
available.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 6350 - 6825


Information for the period October 27 - November 7, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 391 on November 4, 2025, the average price for butter across 
all contract periods was $6,371 per metric ton, corresponding to a 4.3 percent 
decrease in the butter price index from the prior event. The average price for 
the December contract was $6,367 per metric ton, with the December price index 
down 4.8 percent. More information on butter prices at the most recent event 
can be found at https://www.globaldairytrade.info/en/product-results/butter/.

[0600059B]