Butter Oil Price Trend and Forecast

Butter Oil Regional Price Overview

Get the latest insights on price movement and trend analysis of Butter Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Butter Oil Price Trend for the Second Half of 2023

Butter oil markets were observed to be closely following the feedstock butter prices during the given period of H2’23. In the Asian markets, the prices started slow in July as the downstream demands were still muted in the summer months of the third quarter. However, as the fourth quarter began, the market offtakes picked up again. A pivotal surge in raw material milk prices also pushed the butter oil price graph upwards.
 

Butter Oil Price Chart

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The market situation was not much different in the European and American markets as the prices here too varied in a similar manner. The third quarter was more muted than the fourth quarter. Festivals and holidays were also responsible for an increased butter oil demand from the food and beverage industries. Overall, positive market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, since the dairy industry is struggling with required procurements, the Butter Oil price trends are likely to continue fluctuating going forward.
 

Butter Oil Price Trend for the First Half of 2023

The price trend for butter oil closely mimics that of its feedstock butter. The prices of butter oil remained fluctuating in the first half of 2023. Prices rose in the Asian market because of the rise in consumption. The Chinese buying sentiments rose in the post-lockdown world as more people switched to processed and packaged products.

On the other hand, the European and American markets experienced stable market sentiments after a long time. Given the unprecedented highs last year, the prices stabilized in the said period as supply chains and trade normalized. The increase in product availability lowered the upstream costs, eventually leading to lower prices. Further, the price trends for butter oil declined in the later Q2’23 as the supply overtook the downstream demand.

Analyst Insight

According to the Procurement Resource, Butter Oil price trends are expected to continue exhibiting mixed price patterns, as the end user consumption and market supply seem erratic.

Procurement Resource provides latest prices of Butter Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.