USDA Oceania Skim Milk Powder 01/29 11:10

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on January 29, 2026

Oceania skim milk powder (SMP) prices strengthened during the reporting period, 
increasing at both ends of the price range. Production is steady to lighter as 
milk production continues its seasonal decline, tightening inventories and 
contributing to increased prices. Oceania SMP is maintaining its price premium 
over European product. Export prices and domestic prices increased during the 
reporting period, with the domestic futures curve shifting upward across all 
contracts.

At Global Dairy Trade (GDT) event 396, SMP price indices increased across all 
contracts for which product was offered. The indices for the February, March, 
and April contracts all increased by at least 2.1 percent, while the indices 
for the May and June contracts each increased by a more modest 1.1 percent. No 
product was offered under the July contract. The volume of SMP sold at event 
396 was lower than the volume offered at both the prior event and event 372, 
held one year ago, explaining some of the increased demand in near-term 
contracts. Buyers in North Asia purchased over half the SMP on offer at event 
396, with purchase volumes from the region up from both event 395 and event 
372. Buyers in Europe and Southeast Asia/Oceania purchases the second- and 
third-largest volumes of SMP, respectively, at event 396.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 2600 - 2675


Information for the period January 19 - 30, 2026, issued biweekly

Secondary Sourced Information:

During GDT event 396 on January 20, 2026, the average price for SMP across all 
contract periods was $2,615 per metric ton, corresponding to a 2.2 percent 
increase in the SMP price index from the prior event. The average price for the 
February contract was $2,631 per metric ton, with the February price index up 
2.2 percent. More information on SMP prices at the most recent 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 from July - November 2025 totaled 68,826 metric 
tons, an increase of 3.1 percent compared to export volume totals from July - 
November 2024.

Recently released export data from New Zealand showed December 2025 SMP export 
volumes were 52,551 MT, about the same as December 2024 . Export volumes of SMP 
in 2025 were 409,890 MT, down 7.1 percent from 2024.

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