Report 21 – Released on May 27, 2021

The Oceania butter price range is mixed, weaker at the low end but higher at the top. Aswith WMP, volumes offered remained high. That is attributed to the low-end price decline,representing prices for deliveries into June and July. Strong buying for exports helped tohold prices to a slight decline, even with higher volumes offered. Export interest isexpected to remain strong in coming weeks.

Oceania, 82% Butterfat, Free on Board – Port Butter

Price Range – $/MT: 4,875 – 5,375

Information for the period May 17 – 28, 2021, issued biweekly

Secondary Sourced Information:

At GDT event 284 on May 18, 2021, the butter all contracts price, $4,929, decreased 2.2percent. The June contract, $4,905, decreased 2.3 percent.

January – March 2021 butter exports from New Zealand 126,000 MT, increased 2.4 percent fromJanuary – March 2020, according to CLAL data made available to USDA. The main exportdestinations January – March 2021, quantities, and percent change from January – March 2020, were China, 32,043 MT, +49.71 percent; Australia, 8,430 MT, -21.05 percent; andPhilippines, 8,514 MT, +10.80 percent.

July 2020 – March 2021 butter exports from Australia 13,694 MT,increased 119.7 percent from July 2019 – March 2020, according to Dairy Australia.

  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