USDA Oceania Butter 12/04 10:20

AMS_1099 MARS

Butter - Oceania

Released on December 04, 2025

Prices for Oceania butter fell substantially at both ends of the price range 
during the current reporting period. While butter prices have steadily declined 
since the start of the Oceania production season, export prices in particular 
fell dramatically over the last month. Oceania butter still maintains a premium 
over U.S. butter prices, but the gap is shrinking. Despite these low prices, 
international demand is weak due to an overabundance of butter and milkfat 
products on the global market. Recent data show butter exports from New Zealand 
are up year over year, and production remains steady amid strong seasonal milk 
output. In contrast, strong domestic demand within Oceania is providing some 
price support.At Global Dairy Trade (GDT) event 393, butter prices dropped to 
their lowest level in the last twelve months. The average price across all 
contract periods was $5,169 per metric ton, a decline of 12.4 percent in the 
GDT price index from the prior event. Product was only offered for the first 
four contract periods, covering January through April, and prices declined over 
10 percent for each contract. The volume of butter sold was lower than at event 
392 but slightly above event 369 from the same time last year.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 5125 - 6100


Information for the period November 24 - December 5, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 393 on December 2, 2025, the average price for butter across 
all contract periods was $5,169 per metric ton, corresponding to a 12.4 percent 
decrease in the butter price index from the prior event. The average price for 
the January contract was $5,195 per metric ton, with the January price index 
down 13.4 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 October 2025 butter 
export volumes were 23,382 MT, an increase of 7.6 percent from the year prior. 
Export volumes of butter from January - October 2025 were 213,251 MT, up 9.0 
percent from the same time frame a year ago.

[0600059B]