USDA Oceania Skim Milk Powder 05/07 10:10

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on May 07, 2026

Oceania skim milk powder (SMP) prices moved higher at both ends of the price 
range this reporting period. Processor prices continued their upward trend 
compared with both last month and last year, and Oceania SMP maintained its 
premium over European product. SMP futures strengthened across all contracts, 
with October seeing the largest increase, up 6.5 percent. New Zealand's SMP 
exports climbed 27 percent in March year over year but remain down 4 percent 
year to date. A 48 percent drop in shipments to the Middle East was outweighed 
by a 54 percent surge in exports to Asia excluding China.

A major New Zealand dairy cooperative raised and rephased its 12 month SMP 
offering, adding 2,185 metric tons (MT) for a new total of 125,571 MT. 
Additional volume was shifted to Q3 2026, reducing availability later in the 
season.

Tight inventories continue to push SMP demand ahead of supply, narrowing the 
price spread with whole milk powder (WMP). Global Dairy Trade (GDT) Event 403 
saw July contract regular grade WMP settle just US$80/ton above July contract 
medium heat SMP.

SMP price indices at GDT Event 403 increased across all offered contract 
periods. June advanced 4.2 percent, while July, August, and September contracts 
each moved 2.7 percent to 3.1 percent higher. No product was offered for 
October or November delivery. July accounted for 58 percent of all SMP sold. 
Total SMP volume sold was lower than both Event 402 and year earlier levels. 
Southeast Asia/Oceania led SMP purchasing, followed by Europe and North Asia. 
North Asia accounted for 18 percent of total volume, down from both the 
previous event and last year. Southeast Asia/Oceania purchased 56 percent of 
the SMP offered, while the Middle East took 3 percent.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 3500 - 3675


Information for the period April 27 -  May 8, 2026, issued biweekly

Secondary Sourced Information:

At GDT Event 403 on May 5, 2026, the average SMP price index grew to $3,547/MT, 
a 3.0 percent increase from the prior event. The June contract averaged 
$3,578/MT, up 4.2 percent. Additional contract level SMP price details for the 
event are available at: 
https://www.globaldairytrade.info/en/product-results/skim-milk-powder/.

[0600059B]