Global butter price begins to soften as production ramps up

Westland Milk Products produces the Westgold butter brand. (Image: Supplied)

Thu, 04 Sep 2025

Global butter prices are likely to continue to fall as supply begins to outstrip demand.At the latest Global Dairy Trade (GDT) auction on Wednesday morning, the price fell 2.5% to US$6,969 (NZ$11,882) per metric tonne.Retail butter prices have been a hot topic in recent months, having surged by over 50% for a 500g block.On the GDT, butter peaked at just under US$8,000/MT at the start of May, but it has largely dropped at every auction since.It is, however, still trading above US$6,675/MT, which is where it was a year ago.Over 80% of the bu...

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