USDA Oceania Skim Milk Powder 03/12 10:20

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on March 12, 2026

Oceania skim milk powder (SMP) prices strengthened, supported by tighter near 
term availability despite expanding milk production in key exporting regions. 
New Zealand's early year exports eased, with lower shipments to China partly 
offset by modest growth into other Asian markets and the Middle East. Futures 
were mixed, while nearby open interest held firm and overall trading activity 
slowed. Prompt shipment values rose on strong demand, highlighting near term 
tightness. Processor prices continued to trend higher compared with both last 
month and last year, and Oceania SMP maintained its price premium over European 
product.

At Global Dairy Trade (GDT) Event 399, SMP price indices increased across all 
available contract periods, rising from 7.5 percent higher for July to 10.7 
percent higher for April. No product was offered for August or September, and 
no low heat SMP was traded, underscoring tight supplies. Total SMP volume sold 
remained well below both Event 398 and Event 375 one year earlier. Southeast 
Asia/Oceania was the largest buyer, followed by Europe and North Asia. 
Southeast Asia/Oceania accounted for 31 percent of total SMP volume, which was 
lower than the prior event but higher than the same event last year, indicating 
a modest shift in regional purchasing activity.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 3000 - 3375


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

Secondary Sourced Information:

Dairy Australia recently released export data for Australia showing SMP export 
volumes from July 2025 - January 2026 totaled 95,837 metric tons, a decrease of 
1.1 percent compared to export volume totals from July 2024 - January 2025.

At GDT Event 399 on March 3, 2026, the average SMP price index across all 
contract periods reached $3,243 per metric ton, reflecting a 9.1 percent 
increase from the prior event. The April contract averaged $3,382 per metric 
ton, aligning with its 10.7 percent jump in the price index. Additional 
contract level SMP price details for the event are available at 
https://www.globaldairytrade.info/en/product-results/skim-milk-powder/.

[0600059B]