USDA Oceania Whole Milk Powder 09/25 09:30

AMS_1039 MARS

Whole Milk Powder - Oceania

Released on September 25, 2025

Prices for Oceania whole milk powder (WMP) decreased during the reporting 
period, with a slight decrease at the low end of the price range and a larger 
decrease at the high end of the range. Production is seasonally strong and 
inventories are robust as Oceania's milk production continues its 
year-over-year growth. Both export demand and domestic demand weakened slightly 
during the reporting period, with domestic futures prices decreasing modestly 
for all but the nearest-term contract .

At Global Dairy Trade (GDT) event 388, price indices decreased modestly for 
most contracts. The indices for the October and November contracts were down 
1.9 percent and 0.7 percent, respectively, while the indices for the December 
and January contracts were both down 1.0 percent. The index for the February 
contract was up 0.9 percent. No product was offered for delivery in March 2026. 
The volume of WMP sold at event 388 was less than the volume sold at event 387 
but greater than the volume sold at event 364, held one year ago. The top three 
buyers of WMP at event 388 were North Asia, Southeast Asia/Oceania, and the 
Middle East. Notably, North Asia purchased 53 percent less WMP than at event 
387 and 47 percent less WMP than at event 364.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Whole Milk 
Powder
Price Range - 26% Butterfat; Dollars per Metric Ton: 3700 - 3850


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 WMP across 
all contract periods was $3,790 per metric ton (MT), corresponding to a 0.8 
percent decrease in the WMP price index from the prior event. The average price 
for the October contract was $3,916 per metric ton, with the October price 
index down 1.9 percent. More information on WMP prices at the most recent event 
can be found at 
https://www.globaldairytrade.info/en/product-results/whole-milk-powder/. 

Recently released export data from New Zealand showed August 2025 WMP export 
volumes were 46,237 MT, an increase of 31.3 percent from the year prior. Export 
volumes of WMP from January - August 2025 were 846,704 MT, down 3.8 percent 
from the same time frame a year ago.

[0600059B]