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USDA - AMS: Butter - Oceania (2021-06-11)

USDA U.S. Department of Agriculture - June 11, 2021


     MD_DA124

     Butter/Butteroil - Oceania

     Report 23 - Released on June 10, 2021


     Butter prices dipped at each end of the Oceania price range. This coincided with lower
     butter volumes sold at the last GDT event. Looking ahead across a number of contract
     periods, there is a general evenness in price levels. September pricing had been high
     compared with other periods but that has now fallen back into alignment. Oceania sources
     point out that the butter price decrease has now brought butter closer to anhydrous milkfat
     (AMF) on a milkfat basis.




     Oceania, 82% Butterfat, Free on Board - Port Butter
     Price Range - $/MT:                          4,650 - 4,800


     Information for the period May 31 -  June 11, 2021, issued biweekly

     Secondary Sourced Information:


     At GDT event 285 on June 1, 2021, the butter all contracts price, $4,690, decreased 5.4
     percent. The July contract, $4,665, decreased 4.9 percent.

     January  April 2021 butter exports from Australia 9,500 MT,
     increased 190.7 percent from January  April 2020, according to CLAL data made available to
     USDA.

     January  April 2021 butter exports from New Zealand 155,000 MT, decreased 3.4 percent from
     January  April 2020, 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

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