USDA Oceania Whole Milk Powder 10/23 09:30

AMS_1039 MARS

Whole Milk Powder - Oceania

Released on October 23, 2025

Both ends of the price range for Oceania whole milk powder (WMP) continued 
their recent decline. Domestic prices fell shortly after the last report in 
week 41 but were otherwise relatively flat during the recent reporting period. 
Production is strong as increasing milk output and record-setting component 
levels are resulting in plentiful supplies for manufacturers. 

Export demand remains strong amid lower prices. At GDT event 390, WMP prices 
fell across all contracts with product available for sale. Contracts with 
near-term delivery dates underperformed market expectations, likely due to 
stronger supply conditions. The quantity of WMP sold was slightly below GDT 
event 389, but higher than the same time a year ago. The North Asia region 
purchased 58 percent of available WMP, with an additional 20 percent going to 
the Middle East. North Asia's share of total quantity was up from 50 percent 
last year, resulting in a sizable increase in the region's quantity purchased 
due to the increase in total volume at GDT event 390. 

Beginning November 1, 2025, this report will be published at 11:30 AM EST/10:30 
AM CST.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Whole Milk 
Powder
Price Range - 26% Butterfat; Dollars per Metric Ton: 3550 - 3700


Information for the period October 13 - 24, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 390 on October 21, 2025, the average price for WMP across all 
contract periods was $3,610 per metric ton, corresponding to a 2.4 percent 
decrease in the WMP price index from the prior event. The average price for the 
November contract was $3,634 per metric ton, with the November price index down 
2.6 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 September 2025 WMP export 
volumes were 67,174 MT, an increase of 14.6 percent from the year prior. Export 
volumes of WMP from January - September 2025 were 912,931 MT, down 2.7 percent 
from the same time frame a year ago.

[0600059B]