Butter prices today
Butter prices respond to milk and cream costs, EU production and demand at global dairy auctions. Expana assesses unsalted 82% butter ex-works in the EU, follows European and US butter futures and covers the wider milk fat market, alongside butter market forecasts and intelligence.
Bakers, food manufacturers and dairy traders use our butter data to help benchmark contracts and spot turning points early.
Butter price chart
| Date | Price (EUR/mt) | MoM % | QoQ % | YoY |
|---|---|---|---|---|
| Unlock Unlock our butter prices and future forecasts. | ||||
| 3800 | ↑ 5.0% | → 0.0% | — | |
| 3875 | ↑ 9.2% | ↓ 1.5% | — | |
| 3900 | ↑ 8.5% | ↑ 0.6% | — | |
| 3900 | ↑ 1.3% | ↑ 0.6% | — | |
| 3885 | ↑ 6.7% | ↓ 0.4% | — | |
| 3885 | ↑ 3.6% | ↓ 2.9% | — | |
| 3850 | ↑ 2.7% | → 0.0% | — | |
| 3750 | ↓ 1.3% | ↓ 2.6% | — | |
| 3700 | ↓ 2.6% | ↓ 6.3% | — | |
| 3620 | ↓ 6.0% | ↓ 13.3% | — | |
| 3550 | ↓ 7.8% | ↓ 18.4% | — | |
| 3595 | ↓ 5.4% | ↓ 20.1% | — | |
| 3850 | ↑ 1.3% | ↓ 16.8% | — | |
| 3640 | ↓ 4.1% | ↓ 22.1% | — | |
| 3750 | ↓ 1.2% | ↓ 15.6% | — | |
| 3750 | ↓ 0.5% | ↓ 14.8% | — | |
| 3800 | ↑ 0.8% | ↓ 13.6% | — | |
| 3800 | → 0.0% | ↓ 13.6% | — | |
| 3850 | ↓ 2.2% | ↓ 12.5% | — | |
| 3850 | ↓ 0.6% | ↓ 9.4% | — | |
| 3850 | ↓ 0.6% | ↓ 9.4% | — | |
| 3800 | ↓ 2.6% | ↓ 8.4% | — | |
| 3780 | ↓ 5.5% | ↓ 8.9% | — | |
| 3795 | ↓ 1.4% | ↓ 11.7% | — | |
| 3720 | ↓ 3.4% | ↓ 13.5% | — | |
| 3770 | ↓ 4.6% | ↓ 3.3% | — | |
| 3800 | ↓ 3.8% | ↑ 1.2% | — | |
| 3935 | ↓ 9.5% | ↑ 4.8% | — | |
| 3875 | ↓ 10.9% | ↓ 0.6% | — | |
| 3875 | ↓ 16.2% | ↓ 0.6% | — | |
| 3900 | ↓ 15.7% | ↓ 1.3% | — | |
| 4000 | ↓ 10.0% | ↓ 4.2% | — | |
| 3850 | ↓ 13.4% | ↓ 4.9% | — | |
| 3850 | ↓ 12.5% | ↓ 1.3% | — | |
| 3900 | ↓ 11.4% | → 0.0% | — | |
| 3950 | ↓ 10.2% | ↓ 0.9% | — | |
| 4175 | ↑ 2.0% | ↑ 4.8% | — | |
| 4350 | ↑ 2.4% | ↑ 8.8% | — | |
| 4500 | ↑ 8.4% | ↑ 15.8% | — | |
| 4625 | ↑ 11.4% | ↑ 18.6% | — | |
| 4675 | ↑ 11.3% | ↑ 18.4% | — | |
| 4445 | ↑ 3.4% | ↑ 12.5% | — | |
| 4400 | ↑ 12.8% | ↑ 4.8% | — | |
| 4400 | ↑ 17.2% | ↓ 1.1% | — | |
| 4095 | ↑ 9.1% | ↓ 8.0% | — | |
| 4250 | ↑ 9.0% | ↓ 9.6% | — | |
| 4150 | ↑ 6.4% | ↓ 11.7% | — | |
| 4150 | ↓ 0.6% | ↓ 14.4% | — | |
| 4200 | ↑ 0.6% | ↓ 16.0% | — | |
| 4300 | ↑ 10.3% | ↓ 14.0% | — | |
| 3900 | → 0.0% | — | — | |
| 3900 | ↓ 2.1% | — | — | |
| 3755 | ↓ 5.8% | — | — | |
| 3755 | ↓ 6.1% | — | — | |
| 3900 | ↓ 2.5% | — | — | |
| 3900 | → 0.0% | — | — | |
| 3950 | ↑ 1.3% | — | — | |
| 4175 | ↑ 5.7% | — | — | |
| 4050 | ↑ 2.5% | — | — | |
| 3900 | ↓ 8.8% | — | — | |
| 3985 | ↓ 6.8% | — | — | |
| 3985 | ↓ 10.4% | — | — | |
| 4000 | ↓ 10.1% | — | — | |
| 4000 | ↓ 14.9% | — | — | |
| 3885 | ↓ 17.3% | — | — | |
| 3900 | ↓ 19.6% | — | — | |
| 3950 | ↓ 21.0% | — | — | |
| 3950 | ↓ 21.0% | — | — | |
| 4200 | — | — | — | |
| 4275 | — | — | — | |
| 4450 | — | — | — | |
| 4450 | — | — | — | |
| 4700 | — | — | — | |
| 4700 | — | — | — | |
| 4850 | — | — | — | |
| 5000 | — | — | — | |
| 5000 | — | — | — | |
Expana: IOSCO-assured butter prices for Europe and beyond
Our coverage spans more than 140 butter series, including EU and UK butter, anhydrous milk fat and European and US butter futures, with assessments built by specialist reporters from market indications. The unsalted butter EXW EU benchmark is IOSCO assured, giving buyers and sellers an independently reviewed price.
Butter coverage is led by Jose Saiz, Market Reporter, Dairy. Explore related coverage on our dairy, Gouda cheese prices and milk powder prices pages.
Butter and milk fat benchmarks
Over 140 butter series, with Expana Benchmark Prices for unsalted butter ex-works in the EU, Germany, France, the Netherlands and Poland, plus UK butter and anhydrous milk fat.
Futures-based forecasts
Core forecasts on European and US butter futures, with price targets, bands and a buyer hedging indicator, plus algorithmic forecasts on EU, German, French, Dutch, Polish and UK butter.
Product and origin coverage
Unsalted 82% and salted 80% butter in 25kg blocks, anhydrous milk fat, NZ and AU auction prices, US butter series, and European and US butter futures.
Supply, trade and cost tracking
EU butter production, imports and exports, milk and cream input costs, and US butter export trends.
Historical prices
Monthly, quarterly and annual change across butter series.
Market commentary
Global Monthly Butter Market Insight, plus analysis of EU and US butter trade and global dairy auctions.
What you get with our butter coverage:
Butter price forecast
Butter prices follow EU milk and cream costs, production, trade flows and demand in export markets. Expana’s butter forecasts help you plan ahead of the next move.
- Core forecasts on European and US butter futures, with price targets, bands and a buyer hedging indicator.
- Near-term direction from export demand, including softer US exports and global dairy auction results.
- Supply outlook from EU production and trade.
- Input-cost context from milk and cream prices.
- Written analysis of each move in the butter outlook.
Forecasts are forward-looking and are not a guarantee of future prices. See the forecast disclaimer.
Our butter forecasting methodology
Our butter market forecasts combine export and auction signals, EU supply and cost data, and technical analysis.
- Macroeconomic signals
We track export demand, global dairy auctions and trade flows. - Technical indicators
Moving averages, MACD and RSI help confirm whether price moves have momentum behind them. - Fundamental analysis
We weigh EU production, trade and milk and cream costs against a fair value band.
Our unsalted butter EXW EU benchmark is IOSCO assured. Read more about our price assessment methodology. It helps buyers and processors negotiate, budget and time contracts with more confidence.
Looking for full insights on the butter market? Get a demo today.
Latest butter news and insights
Insight from our dairy experts.
Butter Market FAQs
What drives butter prices?
EU butter prices follow milk and cream costs, production, trade flows and demand in export markets.
How do global dairy auctions affect butter prices?
Results at auctions such as Global Dairy Trade show how buyers value butter worldwide, and weaker butter prices there can add to pressure on European prices.
What butter benchmarks does Expana cover?
Expana covers unsalted 82% fat butter in 25kg blocks ex-works EU, UK butter in GBP and anhydrous milk fat, plus European and US butter futures.
What factors influence butter price forecasts?
Key factors include EU production, exports and imports, milk and cream costs, global dairy auctions and technical signals such as moving averages and RSI.
What is the butter price forecast?
A butter price forecast is a forward-looking view of how prices may develop over a set period. Expana’s Core forecasts on European and US butter futures provide price targets, bands and commentary. Forecasts are not a guarantee of future prices; see the forecast disclaimer.
Essential intelligence for industry professionals
Expana delivers essential intelligence to industry professionals across dairy markets, ensuring business leaders stay informed about the latest prices and industry trends, enabling them to effectively navigate disruptions, manage prices, and deliver value to their customers.