Report 25 – Released on June 24, 2021

The Oceania butter price range moved lower with light trading. Buyers who are contracting for coming months find that butter prices are lower through the end of 2021. Overall butter export demand is light. Demand for butter within Oceania is moderate.

While current food service demand is climbing, sources have noticed that food service purchases are skewing more toward AMF than butter. This has eased potential Oceania butter demand. Conversely there is strength for AMF prices.

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

Price Range – $/MT: 4,600 – 4,725

Information for the period June 14 – 25, 2021, issued biweekly

Secondary Sourced Information:

At GDT event 286 on June 15, 2021, the butter all contracts price, $4,612, decreased 1.7 percent. The July contract, $4,620, decreased 1.0 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
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