| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Butter | Germany | FOB | USD 4,516.00/MT | May 2026 |
| Butter | India | EXW | USD 368.00/MT | May 2026 |
| Butter | USA | FOB | USD 3,573.00/MT | May 2026 |
| Butter | Brazil | FOB | USD 3,173.00/MT | May 2026 |
| Butter | New Zealand | FOB | USD 6,399.10/MT | May 2026 |
| Butter | Germany | FOB | USD 4911/MT | April 2026 |
| Butter | India | FOB | USD 376/MT | April 2026 |
| Butter | USA | FOB | USD 3,821/MT | April 2026 |
| Butter | Brazil | FOB | USD 3,421/MT | April 2026 |
| Butter | New Zealand | FOB | USD 6,431/MT | April 2026 |
Stay updated with the latest butter prices, historical data, and tailored regional analysis
Asia
Butter prices in Asia remained firm in Q1’26, supported by strong import demand and limited regional production. At the start of the quarter, North Asia accounted for 64% of butter purchases at a major global auction, showing strong buying interest and forward coverage for upcoming months. China continued to rely on imports due to limited domestic butter production relative to consumption, while India remained largely self-sufficient but influenced regional sentiment through milk fat availability. Stable demand from bakery and foodservice sectors supported consumption, while supply tightness from Oceania exports maintained firm market conditions.
Europe
Butter prices in Europe showed mixed trends in Q1’26 as strong milk production increased cream availability and pressured the market. Ample milk volumes during the spring flush raised butter output, while softer domestic demand limited upward movement. Butter price analysis also indicated a decline in Western Europe butter values during the period, reflecting oversupply conditions and weaker farmgate milk prices. Export competitiveness remained moderate, with supply-side pressure outweighing demand support from foodservice and retail segments. However, by the end of the quarter, the butter prices recovered as the inventories declined.
North America
Butter prices in North America followed a steady to firm trend in Q1’26, supported by stable domestic demand and controlled supply conditions. Strong butter stocks increased availability, while steady consumption from retail, processed food, and bakery sectors maintained market balance. Domestic production limited exposure to global disruptions, though international demand and trade flows influenced overall sentiment.
Analyst Insight
According to Procurement Resource, butter prices are expected to remain stable to slightly firm, with supply from milk output and demand from Asia continuing to determine market direction.
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| Product | Category | Region | Price | Time Period |
| Butter | Chemicals | Germany | 7684 USD/MT | January 2025 |
| Butter | Chemicals | Germany | 4300 USD/MT | December 2025 |
| Butter | Chemicals | North America | 5576 USD/MT | January 2025 |
| Butter | Chemicals | North America | 3183 USD/MT | December 2025 |
| Butter | Chemicals | Europe | 7991 USD/MT | January 2025 |
| Butter | Chemicals | Europe | 4899 USD/MT | December 2025 |
Stay Updated with the Latest Butter Prices, Historical Data, and Tailored Regional Analysis
Asia
Butter prices across Asian markets followed a trajectory broadly consistent with global dairy trends during 2025. Prices entered the year at elevated levels, supported by tight international supply and sustained demand for dairy fat across food manufacturing and retail channels. As global milk production remained constrained in the first half of the year, import-dependent Asian economies continued to face upward pricing pressure. A gradual peak was observed around mid-year, after which prices eased progressively as supply conditions improved in key exporting regions. The latter part of 2025 saw a notable correction, with prices declining from their highs as global cream availability increased and demand softened at the margin. Food manufacturers in the region showed growing interest in plant-based butter alternatives as a cost-management response to the elevated pricing environment seen earlier in the year.
Europe
European butter prices opened 2025 at notably high levels and held firm through the first half of the year, with spot and contract prices across major markets remaining elevated. Germany, a key reference market, saw prices climb further to reach a peak around mid-year before a pronounced and decline set in during the latter half of the year. The prices were about 7684 USD/MT (Contract FD) in January and around 4300 USD/MT in December. The correction was driven by a sharp increase in milk production, falling cream input costs, and the accumulation of significant butter stocks across the European Union. By year-end, prices had declined steeply from their peak, reflecting a well-supplied market and subdued buying interest as trade participants had largely covered forward requirements. The average prices were about 7991 USD/MT (Spot FD) in January and around 4899 USD/MT in December in the European region.
North America
In North America, the butter price graph displayed a similar trajectory throughout 2025. The prices were about 5576 USD/MT (Contract FD) in January and around 3183 USD/MT in December. Prices were firm in early months and climbed modestly to reach a mid-year peak before reversing sharply through the second half. Stronger domestic milk production, driven by herd expansion and improved per-cow output, resulted in ample cream availability for churning. This supply growth, combined with softer domestic consumption and waning foodservice demand, pushed prices to multi-year lows by year-end. Export competitiveness improved as U.S. prices fell well below those of European and Oceanian origins, though elevated export volumes were insufficient to fully offset domestic supply growth.
Butter is a well-known dairy product that is made from the fat and protein components of milk or cream. It appears as a semi-solid emulsion at room temperature, comprised of almost 80% butterfat. It is utilised as a spread (at room temperature) and can also be used as a condiment in melted form. It is utilised as an ingredient in areas like baking, sauce making, pan frying, and other cooking procedures.
Baking, Spread, Sauces, Condiment, Cooking
Fonterra Co-operative Group, Arla Foods Amba, Lactalis Group, Unilever PLC, Kerrygold USA
CurrencyUS$ (Data can also be provided in local currency)
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Butter is generally derived by churning milk or cream to separate fats from the liquid (buttermilk), which finally produces Butter in a semi-solid state. Commercially, buttermaking involves steps like bacterial acidifying and heat treatment, and the use of advanced machinery like mechanical churn.
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Butter is industrially manufactured by churning whole milk into cream first, which is then further pasteurized to form butter.
This report provides the cost structure of cocoa butter production from the grinding and pressing methods. When the nibs extracted from cocoa beans are grounded, it produces chocolate liquor.
This report provides the cost structure of white chocolate production from cocoa butter. Cocoa butter is separated from the whole cocoa mass to make a press cake of cocoa beans.
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