USDA Oceania Butter 12/18 10:20

AMS_1099 MARS

Butter - Oceania

Released on December 18, 2025

Oceania butter prices continued their downward trend during the reporting 
period, decreasing moderately at the bottom of the price range and more 
substantially at the top of the price range. Oceania has passed the peak of its 
spring flush period, but continued strength in milk production means milk is 
readily available for processors. Domestic demand was mixed during the 
reporting period, with domestic processor prices weakening slightly and 
domestic futures prices holding steady or strengthening slightly. Export prices 
decreased due to strong global milk production and competitive prices for 
butter originating from other regions.At Global Dairy Trade (GDT) event 394, 
butter price indices decreased across all contracts for which product was 
offered. Each of the price indices for the January to April contracts slid by 
2.3 percent to 3.3 percent, with no product offered for delivery under either 
the May or June contracts. The volume of butter sold at event 394 was in line 
with both the volume sold at the previous event and the volume sold at event 
370, held one year ago. North Asian buyers purchased nearly 70 percent of the 
butter offered at event 394, with buyers in Europe and Southeast Asia/Oceania 
buying the second- and third-largest quantities of butter, respectively.

Prices for: Oceania, 82% Butterfat, Free on Board - Port Butter
Price Range - Dollars per Metric Ton: 5000 - 5450


Information for the period December 8 - 19, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 394 on December 16, 2025, the average price for butter across 
all contract periods was $5,012 per metric ton, corresponding to a 2.5 percent 
decrease in the butter price index from the prior event. The average price for 
the January contract was $4,958 per metric ton, with the January price index 
down 2.8 percent. More information on butter prices at the most recent 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 - October 2025 totaled 2,640 metric tons, a decrease 
of 61.0 percent compared to export volume totals from July - October 
2024.According to Dairy Australia, butter production in Australia in September 
2025 totaled 3,518 metric tons, a decrease of 18.2 percent compared to 
production totals in September 2024. Australian butter production from July - 
September 2025 totaled 8,604 metric tons, an increase of 1.8 percent compared 
to production totals from July - September 2024.

[0600059B]