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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 May 2026, the maximum reached 4050.00 EUR/tonne, the minimum was 3913.00 EUR/tonne, and the average level stood at 3962.95 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 | 16.18 USD/CWT | 04/06/2026 |
| Cheese | 1.617 USD/Lbs | 04/06/2026 |
| Butter | 3,956 EUR/T | 04/06/2026 |
| Milk (New Zealand) | 9.84 NZD/kg | 04/06/2026 |
| Milk Class 3 (IMF) | 23.14 USD/cwt | 30/04/2026 |
| Milk fat (New Zealand) | 6,700 USD/T | 04/06/2026 |
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