A bowl of butter curls on an oak table with sourdough, a knife and coffee, a hazy landscape through the window behind

Butter

Butter is volatile, with big price swings that sometimes land inside a few days. Standing back from the butter market is occasionally smarter than trying to understand it every single day.

Most traded

  1. Unsalted Lactic Butter 82%157,567 mt
  2. Unsalted Sweet Cream Butter 82%10,933 mt
  3. Salted Sweet Cream Butter635 mt
  4. Whey Butter66 mt

Measured from executed trades since 2022, largest first.

Your broker

Wouter Reijntjes

Wouter Reijntjes

Butter Broker · Market Analyst

Talk to Wouter

Recent price action

4,0005,0006,0007,0002025-01 · € 7,251 · 1,644 mt · 31 trades2025-02 · € 6,907 · 3,981 mt · 49 trades2025-03 · € 7,375 · 1,988 mt · 28 trades2025-04 · € 7,134 · 2,303 mt · 36 trades2025-05 · € 7,220 · 2,691 mt · 31 trades2025-06 · € 7,322 · 3,152 mt · 27 trades2025-07 · € 7,024 · 1,914 mt · 32 trades2025-08 · € 6,603 · 2,743 mt · 28 trades2025-09 · € 5,901 · 3,449 mt · 39 trades2025-10 · € 5,023 · 2,993 mt · 35 trades2025-11 · € 4,435 · 3,419 mt · 37 trades2025-12 · € 3,906 · 198 mt · 3 trades2026-01 · € 3,909 · 2,530 mt · 26 trades2026-02 · € 4,459 · 4,604 mt · 29 trades2026-03 · € 4,528 · 6,036 mt · 58 trades2026-04 · € 3,881 · 3,102 mt · 23 trades2026-05 · € 3,891 · 3,410 mt · 27 trades2026-06 · € 3,657 · 4,928 mt · 42 trades3,6572025-012025-052025-092026-012026-06EUR/MT
2026-06
Weighted average€ 3,657
High€ 3,900
Low€ 3,460
Executed trades42
Volume4,928 mt
4,0006,0003,65720262026-06EUR/MT
2026-06
Weighted average€ 3,657
High€ 3,900
Low€ 3,460
Executed trades42
Volume4,928 mt
Traded price, volume-weightedVolume traded581 trades

Latest trades

DatePrice / mtVolumeOrigin
29 Jun 20264,19066 mtBE, DE, NL
29 Jun 20264,225132 mtBE, DE, NL
29 Jun 20264,025132 mtBE, DE, NL
29 Jun 20263,600110 mtBE, DE, NL
26 Jun 20264,050198 mtBE, DE, NL
26 Jun 20263,640198 mtBE, DE, NL
25 Jun 20263,84066 mtBE, DE, DK, FR, IE, NL, SE
25 Jun 20263,600132 mt5 origins
All market dataWhat milk is worth as this

Import & export

Butter

May 2026
  • Exports · last 12 months

    279 kt +17.9%

  • Imports · last 12 months

    42 kt +102.5%

3.28 kt16 kt28 ktJun 2024Dec 2024Jun 2025Dec 2025May 2026
May 2026
Exports31 kt
Imports2.47 kt
ExportsImports
Open the full trade ledger