Report 27 – Released on July 01, 2020

Butter prices in Oceania are higher at the low end of the price range but steady at the top.The increased low price reflects some buyers filling last minute needs from low stocks available. The view going forward from a number of Oceania dairy sources is for butter prices remaining generally steady in coming months.

Oceania butter export markets are varied. Customers can find available butter in New Zealand. Butter production in New Zealand is near seasonal lows. Available stocks for new sale in Australia are very tight. Sources note that overall regional butter exports this year have been lighter than in the past.

     Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          3,600 - 3,700


     Information for the period June 22 -  July 3, 2020, issued biweekly
     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
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov