MD_DA124 Butter/Butteroil - Oceania Report 25 - Released on June 23, 2022 Oceania butter prices are higher throughout the range. As milk processors veer from WMP production, butter markets are seeing additional volumes being manufactured and offered on the GDT auction platform. While New Zealand's butter export levels declined in May. current buyer interest is mostly steady, as open interest is notably higher than average. Demand is good. Meanwhile, after several weeks of significant fats trading, the market undertone continues to carry some uncertainty. Oceania, 82% Butterfat, Free on Board - Port Butter Price Range - $/MT: 6,075 - 6,300 Information for the period June 13 - 24, 2022, issued biweekly Secondary Sourced Information: GLOBAL DAIRY TRADE At GDT event 310, on June 21, 2022, the butter all contracts price, $6,213, increased 2.4 percent. The July contract, $6,245, increased 2.1 percent. Published by: Dairy Market News - Madison, WI DANIEL JOHNSON, 608-422-8605 Email: daniel.johnson4@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