USDA Oceania Skim Milk Powder 08/28 09:55

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on August 28, 2025

Oceania skim milk powder (SMP) prices decreased during the reporting period, 
with a modest decline at the low end of the price range and a sharper drop at 
the top of the price range. Both export demand and domestic demand weakened 
slightly during the reporting period, with domestic prices falling to levels 
near parity with export prices. A combination of decreased demand from North 
Asia and sufficient supply from several global regions created downward 
pressure on SMP export prices.

At Global Dairy Trading (GDT) event 386, price indices were mixed across 
contract periods. The indices for the September and December contracts 
increased by 0.4 percent and 0.7 percent, respectively, while the indices for 
the October and November contracts decreased by 2.6 percent and 1.6 percent, 
respectively. The index for the January 2026 contract also decreased, albeit 
more modestly, and was down 0.7 percent. No trades occurred for the February 
2026 contract. The volume of SMP sold at event 386 was less than the volume 
sold at event 385 but greater than the volume sold at event 362, held one year 
ago. The top three buyers of SMP at event 386 were Southeast Asia/Oceania, 
North Asia, and Europe. Notably, North Asian purchases were down compared to 
event 385 and event 362.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 2725 - 3000


Information for the period August 18 - 29, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 386 on August 19, 2025, the average price for SMP across all 
contract periods was $2,756 per metric ton (MT), corresponding to a 1.8 percent 
decrease in the SMP price index from the prior event. The average price for the 
September contract was $2,725 per metric ton, with the September price index up 
0.4 percent. More information on SMP prices at the most recent GDT event can be 
found at https://globaldairytrade.info/en/product-results/skim-milk-powder/. 

Recently released export data from New Zealand showed July 2025 SMP export 
volumes were 30,031 MT, a decrease of 15.0 percent from the year prior. Export 
volumes of SMP from January - July 2025 were 258,730 MT, down 7.2 percent from 
the same time frame a year ago.

[0600059B]