USDA Oceania Skim Milk Powder 09/11 09:30

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on September 11, 2025

Prices for Oceania skim milk powder (SMP) declined at both ends of the price 
range during the reporting period. SMP production is picking up due to 
increased milk output, as Oceania moves into the spring flush period and 
approaches the seasonal peak in October. Increasing supply led to lower export 
prices as substantially more product was available for export. Though export 
demand was mixed, domestic demand stayed steady. With record milk production 
levels in New Zealand, strong production growth in South America, and 
year-over-year increases in most European countries, global milk supply 
conditions are strong, contributing to weaker SMP prices.

The volume of SMP sold at GDT event 387 increased from event 386 and the same 
time a year ago, with 45 percent of the quantity sold for November delivery. 
This increase in available supply led to decreased prices across all contracts 
traded, with the price index for the first contract, offering October 
deliveries, falling by 20 percent. Prior to event 387, futures markets in New 
Zealand suggested a modest decline in SMP prices, and the 5.8 percent decline 
in the SMP price index led to a decrease in futures prices following the 
auction.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 2575 - 2750


Information for the period September 1 - 12, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 387 on September 2, 2025, the average price for SMP across all 
contract periods was $2,620 per metric ton, corresponding to a 5.8 percent 
decrease in the SMP price index from the prior event. The average price for the 
October contract was $2,614 per metric ton, with the October price index down 
20.0 percent. More information on SMP prices at the most recent GDT event can 
be found at 
https://www.globaldairytrade.info/en/product-results/skim-milk-powder/. 

Dairy Australia recently released export data for Australia showing skim milk 
powder (SMP) export volumes in July 2025 totaled 12,468 metric tons, down 14.2 
percent year over year.

[0600059B]