USDA Oceania Skim Milk Powder 06/20 09:35

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on June 20, 2025

Prices for Oceania skim milk powder (SMP) fell at both ends of the price range, 
with only a slight decline at the low end of the range and a large decline at 
the high end. Domestic demand has been steady to lighter in recent weeks, while 
export demand has been steady in the near term. Production is light as milk 
output winds down for the end of the season. At GDT event 382, the SMP price 
index increased slightly for the July contracts but declined in all other 
periods where product was traded. This resulted in an overall decline in the 
GDT price index for SMP, signaling expectations prices will decline as milk 
production picks up in the latter half of the year. Slightly less product was 
sold compared to GDT event 381, but volumes were similar to year-ago levels. A 
recent report from the USDA Foreign Agricultural Service discussing Chinese 
demand for SMP states demand continues to outpace domestic production despite 
declines in consumption since 2021. The report also suggests SMP production in 
New Zealand could increase as cream and butter production increases are leaving 
higher levels of skim milk for drying.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 2775 - 2850


Information for the period June 9 - 20, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 382, on June 17, 2025, the average price for SMP across all 
contracts periods was $2,775, corresponding to a 1.3 percent decline in the SMP 
price index from the prior event. The average price for the July contract was 
$2,871, with the July price index up 0.4 percent. More information on SMP 
prices at the most recent GDT event can be found at 
https://www.globaldairytrade.info/en/product-results/skim-milk-powder/.

[0600059B]