Report 1 – Released on January 02, 2020

Butter prices in Oceania are steady. There is little interest in making new deals during late December. Most butter orders for Q1 2020 are believed to be finalized. Thus, even current seasonally active churning yields new butter into a market with many buyers taking time off because current needs are supplied. Butter production in Australia is active. New Zealand dairy manufacturers tend to send milk to whole milk powder rather than butter, when there is extra milk. The GDT is also in a three-week gap between events.

Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          3,800 - 3,925


     Information for the period December 23, 2019 -  January 3, 2020, issued biweekly

Secondary Sourced Information:

Butter exports from New Zealand January – November this year are even with the same period last year, according to CLAL data made available to USDA.

 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