Report 33 – Released on August 15, 2019

Oceania butter prices are lower. This early in the season there seems to be less pressure to wrap up negotiations. That, coupled with increasing production, contributed to the price movement this period. Butter markets in Oceania are lightly tested but production schedules are building.

Production in New Zealand is noticeably increasing. Much current production in Australia is focused on domestic markets. Contracting for coming months is still being discussed in Australia and New Zealand. Some contracts are finalized but others are still under discussion.

Oceania, 82% Butterfat, Free on Board – Port Butter

      Price Range – $/MT:                   4,125 – 4,200

Secondary Sourced Information:

At GDT event 241 on August 6, the butter all contracts price, $4,165, decreased 5.5 percent. The September contract, $4,195, decreased 6.4 percent.

July 2018 ą June 2019 butter exports from Australia, 13,486 MT, increased 35.8 percent from the previous period according to Dairy Australia.

Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

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