8 Countries that Produce the Most Butter in the World

3. New Zealand

Production: 570,000

Low milk prices on the global market have influenced milk and dairy production and export in New Zealand. The country was hit hard by excess in milk supply and reduction of prices because New Zealand, unlike the majority of other countries, processes more than 90 percent of produced milk into dairy products for export. Since the country does not have a stable domestic market which can compensate international price volatility, it is very sensitive to global changes. Between 2014 and 2015 butter export value dropped by 25 percent. In 2014, New Zealand shipped 306,694 tons totaling $1.1 million, while a year later export fell by 15,000 tons and it value was $881,332. China and Egypt are main importers of butter from New Zealand.