USDA Oceania Skim Milk Powder 02/26 11:05

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on February 26, 2026

Oceania skim milk powder (SMP) prices were mixed this period, with the lower 
end of the range firming while the upper end eased. Production is steady to 
slightly lower as seasonal milk output declines, tightening inventories and 
supporting the price floor. Both export and domestic prices moved higher, and 
the domestic futures curve strengthened across all contract months, indicating 
firm near-term sentiment. Australian contacts note increased engagement from a 
Southeast Asian trade group; although Australia typically holds a shipping 
advantage, buyers are currently securing more favorable freight rates from the 
European Union and the United States. 

At Global Dairy Trade (GDT) Event 398, SMP price indices rose across all 
available contracts, from up 0.2 percent for March to up 4.9 percent for June. 
No product was offered for July or August, and no low-heat SMP was traded, 
reflecting tight supplies. The volume sold was below Event 397 but similar to 
Event 374 one year earlier. Southeast Asia/Oceania was the largest buyer at 42 
percent of total SMP volume, up from both the prior event and last year. North 
Asia accounted for 39 percent and Europe 15 percent.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 2850 - 3050


Information for the period February 16 - 27, 2026, issued biweekly

Secondary Sourced Information:

New Zealand's recently released export data shows January 2026 SMP exports at 
47,879 metric tons, down 11 percent from the previous year.

At GDT Event 398 on February 17, 2026, the average SMP price across all 
contract periods was $2,973 per metric ton, reflecting a 3 percent increase in 
the SMP price index from the prior event. The March contract averaged $3,057 
per metric ton, with its price index up 0.2 percent. Additional SMP price 
details for the event are available at 
https://www.globaldairytrade.info/en/product-results/skim-milk-powder/.

[0600059B]