USDA Oceania Skim Milk Powder 02/12 10:05

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on February 12, 2026

Oceania skim milk powder (SMP) prices firmed during the reporting period, with 
gains observed at both ends of the price range. Production remains steady to 
slightly lower as seasonal milk output declines, reducing inventories and 
supporting higher prices. Oceania SMP continues to hold a premium over European 
product. Both export and domestic prices moved higher, and the domestic futures 
curve shifted upward for all contract months. Both export and domestic prices 
advanced, while the domestic futures curve shifted higher across all contract 
months, signaling firm market sentiment for the near term.

At Global Dairy Trade (GDT) Event 397, SMP price indices increased across all 
offered contracts, with March through June contracts rising by at least 8.9 
percent. No product was offered under the July and August contracts, and no 
low-heat SMP was traded, reflecting limited inventory availability. The volume 
of SMP sold at Event 397 was lower than that offered at Event 396 but exceeded 
the volume sold at Event 373 one year earlier. Europe emerged as the leading 
buyer of SMP, followed by North Asia and Southeast Asia/Oceania. North Asia 
accounted for 37 percent of total SMP purchases; however, its share declined 
compared to both Event 396 and Event 373.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 2650 - 3075


Information for the period February 2 - 13, 2026, issued biweekly

Secondary Sourced Information:

Dairy Australia recently released export data for Australia showing skim milk 
powder export volumes from July - December 2025 totaled 81,472 metric tons, a 
decrease of 3.3 percent compared to export volume totals from July - December 
2024.

During GDT event 397 on February 3, 2026, the average price for SMP across all 
contract periods was $2,874 per metric ton, corresponding to a 10.6 percent 
increase in the SMP price index from the prior event. The average price for the 
March contract was $2,991 per metric ton, with the March price index up 15.1 
percent. More information on SMP prices at the most recent event can be found 
at https://www.globaldairytrade.info/en/product-results/skim-milk-powder/.

[0600059B]