Global butter prices drop due to milk oversupply
Butter prices have dropped worldwide due to an oversupply of milk hitting all major producing regions, Vesper reported. To date, US butter production has grown 5.44% year-on-year in 2025, building on solid growth in 2023 and 2024, according to the 24 September report. In New Zealand, the milk season started with a 2.46% year-on-year surplus, and European…