USDA Oceania Whole Milk Powder 12/18 10:20

AMS_1039 MARS

Whole Milk Powder - Oceania

Released on December 18, 2025

Oceania whole milk powder prices continued their steady decline during the 
current reporting period. Prices fell at both ends of the price range, with a 
slightly larger decline at the bottom of the price range. Weaker international 
demand led to a decline in export prices. The current strength of global milk 
output is providing international buyers with alternative sources of WMP, 
lessening demand for Oceania product. Production is strong as milk output 
slowly declines from peak spring flush levels. 

Global Dairy Trade (GDT) event 394 saw a steep decline in WMP prices, with 
weaker performance than anticipated by futures markets. The overall price index 
fell by 5.7 percent, with declines of at least 5 percent across the 
January-April contract periods. The volume of WMP sold was about equal to GDT 
event 393, but weaker demand contributed to the larger price decreases at event 
394. The North Asia region purchased 59 percent of available WMP, up from 50 
percent at event 393 and 36 percent at event 370 at the same time last year.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Whole Milk 
Powder
Price Range - 26% Butterfat; Dollars per Metric Ton: 3100 - 3400


Information for the period December 8 - 19, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 394 on December 16, 2025, the average price for WMP across all 
contract periods was $3,161 per metric ton, corresponding to a 5.7 percent 
decrease in the WMP price index from the prior event. The average price for the 
January contract was $3,146 per metric ton, with the January price index down 
5.7 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/. 

Dairy Australia recently released export data for Australia showing whole milk 
powder (WMP) export volumes from July - October 2025 totaled 19,128 metric 
tons, a decrease of 7.5 percent compared to export volume totals from July - 
October 2024.

According to Dairy Australia, whole milk powder (WMP) production in Australia 
in September 2025 totaled 2,438 metric tons, an increase of 7.5 percent 
compared to production totals in September 2024. Australian WMP production from 
July - September 2025 totaled 6,196 metric tons, an increase of 14.2 percent 
compared to production totals from July - September 2024.

[0600059B]