Report 35 – Released on August 27, 2020

Butter prices in Oceania are mixed. That may be misleading though. The great preponderance of sales would have brought prices lower. However, the upper range price, while reflecting limited volumes, held. Oceania dairy analysts expect the high price to surrender quickly.Nevertheless, the full current range reflects prices that are in play.

Butter production is increasing seasonally. That trend is expected to continue. Pricing is very attractive to buyers also looking toward Western Europe. This gives Oceania manufacturers confidence to continue actively churning.

 Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          3,300 - 3,500


     Information for the period August 17 - 28, 2020, issued biweekly

Secondary Sourced Information:

Australian exports of butter July 2019 – June 2020, 8,229 MT, compared with July 2018 –June 2019, decreased 38.9 percent according to Dairy Australia.

At GDT event 266 on August 18, 2020, the butter all contracts price, $3,370, decreased 2.0 percent. The September contract, $3,365, decreased 2.5 percent.

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