USDA Oceania Skim Milk Powder 03/26 10:00

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on March 26, 2026

Oceania skim milk powder (SMP) prices strengthened during the reporting period, 
with increases at both ends of the price range despite higher available trading 
volumes. Processor prices continued to trend upward compared with both last 
month and last year, supported by firm demand. Oceania SMP also maintained its 
price premium over European product. New Zealand's early year exports remain 
lighter, as softer shipments to China are partially offset by modest growth 
into other Asian markets and the Middle East. The domestic futures curve firmed 
across all contract months, reflecting strong buying interest.

At Global Dairy Trade (GDT) Event 400, SMP price indices rose across all 
available contract periods, increasing 4.5 percent for May and up 6.9 percent 
for July. No product was offered for August or September. Total SMP volume sold 
increased from Event 399, though it remained below levels seen at Event 376 one 
year earlier. Southeast Asia/Oceania was the top buyer, accounting for 34 
percent of total volume, followed by South/Central America and Europe. The 
Middle East purchased 17 percent, while North Asia accounted for 6 percent, 
which was down from the previous event and below last year.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 3300 - 3575


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

Secondary Sourced Information:

Recently released export data from New Zealand showed February 2026 SMP export 
volumes at 40,627 metric tons, an 18 percent decrease from the year prior. SMP 
exports for January-February 2026 totaled 87,070 metric tons, down 16 percent 
from the same period a year earlier.

At GDT Event 400 on March 17, 2026, the average SMP price index across all 
contract periods reached $3,409 per metric ton, a 5.2 percent increase from the 
prior event. The April contract averaged $3,557 per metric ton, consistent with 
its 5.9 percent rise in the price index. Additional contract level SMP price 
details for the event are available at: 
https://www.globaldairytrade.info/en/product-results/skim-milk-powder/.

[0600059B]