Report 35 – Released on September 02, 2021

Butter prices are unchanged this week. Industry contacts suggest demand is stable as buyersfrom northern Asian countries remain active. While still early in the season, contacts areoptimistic regarding the developing butter markets. Cream availability is growing as milkproduction grows. Several New Zealand butter processors are increasing production at theirplants to help meet the growing demand.

    Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,600 - 4,850


     Information for the period August 23 -  September 3, 2021, issued biweekly

Secondary Sourced Information:

January – July butter exports from New Zealand 256,000 MT, decreased 2.9 percent fromJanuary – July 2020, according to CLAL data made available to USDA. The main exportdestinations January – July 2021, quantities, and percent change from January – July 2020,were China, 66,811 MT, +36.99 percent; Australia, 18,276 MT, -8.52 percent; and Philippines,17,335 MT, -1.17 percent.