Report 13 – Released on March 26, 2020

Oceania butter prices are higher. Buyers now looking for butter for near term delivery are said to be finding that this late in the milk season, many manufacturers are heavily committed for current and planned butter production.

While there is a global market in butter, there are buyers who have a strong preference for New Zealand or Australian butter. These buyers prefer not to look to Europe or the United States, so they pay to get sourcing they want – within reasonable limits. Pricing expectations are for lower prices moving toward summer.

  Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,100 - 4,550


     Information for the period March 16 - 27, 2020, issued biweekly

Secondary Sourced Information:

At GDT event 256 on March 17, the butter all contracts price, $4,144, increased 0.3 percent. The April contract, $4,540, increased 4.4 percent. Buyers are still actively seeking commitments for April delivery. That has lifted April pricing over subsequent months.

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

     Additional Dairy Market News Information:
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