Report 13 – Released on April 01, 2021

The Oceania butter price range is mixed. Price firming occurred at the low end of the pricerange while the top end of the price range is lower. With no GDT events this period, pricemovements are purely transaction driven. Oceania manufacturer butter stocks are gettingtighter. That factor is believed to have moved the lowest prices higher.

High range prices still generate some sticker shock for buyers. A result is slowingpurchases from manufacturers who quote the highest prices, as well as increased motivationto shop around for butter from other regions. The core of the price range is considered tobe generally stable while there is likely to be some fluctuation around the ends in comingweeks. Some manufacturers also believe that the highest Oceania prices have slowed exportinterest.

   Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          5,650 - 5,800


     Information for the period March 22 -  April 2, 2021, issued biweekly

Secondary Sourced Information:

January – February 2021 butter exports from New Zealand 82,000 MT, decreased 5.5 percentfrom January – February 2020, according to CLAL data made available to USDA. The main exportdestinations January – February 2021, quantities, and percent change from January –February 2020, were China, 17,598 MT, +9.76 percent; Australia, 6,249 MT, -11.78 percent;and Philippines, 5,481 MT, -4.22 percent.

January 2021 butter exports from Australia 2,300 MT, increased 281.1 percent from January2020, according to CLAL data made available to USDA. The main export destinations January2021, quantities, and percent change from January 2020, were China, 464 MT, +645 percent;Singapore, 205 MT; and Taiwan, 147 MT, +266 percent.

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

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