Report 15 – Released on April 09, 2020

Oceania butter prices are mixed. Low range prices firmed while upper range prices are lower.The price strength results from buyers trying to cover expected needs later this spring. Not much activity to meet current needs is reported. Butter prices higher in the range are well above Western European pricing. While the strong preference of some buyers for Oceania butter helps maintain prices to an extent, the weakened prices in Western Europe results in a more evident price spread which some manufacturers believe may shuffle a bit of buying moving ahead.

     Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,275 - 4,350


     Information for the period March 30 -  April 10, 2020, issued biweekly

Secondary Sourced Information:

Butter exports from New Zealand January – February 2020, 87,000 MT, decreased 14.5 percent from January – February 2019 according to CLAL data made available to USDA.At

GDT event 257 on April 7, the butter all contracts price, $4,263, increased 4.5 percent.The May contract did not trade.

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

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
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