USDA Oceania Skim Milk Powder 09/25 09:30

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on September 25, 2025

The price range for Oceania skim milk powder (SMP) narrowed during the 
reporting period, increasing slightly at the bottom of the range and decreasing 
at the top of the range. Production strengthened as Oceania's milk production 
season continues toward its October peak, and inventories remain full. Export 
demand eased slightly. Domestic demand was steady, with domestic prices in line 
with export prices. Ample global milk supply continued to place downward 
pressure on SMP prices, with domestic futures prices falling across all 
delivery periods on offer.

At Global Dairy Trade (GDT) event 388, price indices increased modestly for 
near-term contracts and decreased for longer-term contracts. The price indices 
for the September and October contracts were up 0.5 percent and 0.3 percent, 
respectively. Price indices for the December, January, and February contracts 
decreased by 0.2 percent, 1.4 percent, and 4.0 percent, respectively. No 
product was offered for March delivery. The volume of SMP sold at event 388 was 
lower than the volume sold at both event 387 and event 364, held one year ago. 
The top three buyers of SMP at event 388 were Southeast Asia/Oceania, North 
Asia/Oceania, and the Middle East. Southeast Asia/Oceania SMP purchases at 
event 388 exceeded the volumes purchased by the region at both events 387 and 
364.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 2600 - 2650


Information for the period September 15 - 26, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 388 on September 16, 2025, the average price for SMP across 
all contract periods was $2,615 per metric ton (MT), corresponding to a 0.3 
percent decrease in the SMP price index from the prior event. The average price 
for the October contract was $2,620 per metric ton, with the October price 
index up 0.5 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/. 

Recently released export data from New Zealand showed August 2025 SMP export 
volumes were 14,609 MT, a decrease of 2.4 percent from the year prior. Export 
volumes of SMP from January - August 2025 were 273,219 MT, down 7.0 percent 
from the same time frame a year ago.

[0600059B]