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Butter futures are traded on the European Energy Exchange, enabling producers and consumers to hedge price risks in the dairy industry. In July 2026, the maximum reached 4143.00 EUR/tonne, the minimum was 3883.00 EUR/tonne, and the average level stood at 3958.05 EUR/tonne. India remains the world’s largest butter producer, followed by the US and New Zealand.
Index value can be retrieved via Cbonds add-in for Excel using the formula CbondsIndexValue(188589, date)
Cbonds add-in| Index | Current value | Date |
|---|---|---|
| Milk | 16.74 USD/CWT | 10/08/2026 |
| Cheese | 1.683 USD/Lbs | 10/08/2026 |
| Butter | 4,000 EUR/T | 10/08/2026 |
| Milk (New Zealand) | 9.76 NZD/kg | 10/08/2026 |
| Milk Class 3 (IMF) | 20.71 USD/cwt | 31/07/2026 |
| Milk fat (New Zealand) | 6,515 USD/T | 10/08/2026 |
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