USDA Oceania Skim Milk Powder 12/04 10:20

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on December 04, 2025

Oceania skim milk powder (SMP) prices eased during the reporting period, with 
slight decreases at both ends of the price range. Production is strong as milk 
remains readily available for drying. Domestic demand was steady to stronger, 
with domestic processor prices unchanged during the reporting period. Export 
prices decreased, albeit to a lesser extent than expected by industry analysts. 
Current supply-heavy dynamics in the global market continue to place downward 
pressure on export prices. Domestic futures prices for SMP fell slightly across 
all contracts on offer but remained at levels close to both export and domestic 
processor prices.

At Global Dairy Trade event 393, SMP price indices decreased slightly across 
all contracts for which product was offered. Each of the price indices for the 
January to May contracts decreased between 1.2 and 1.8 percent, while no 
product was offered for delivery under the June contract. The volume of SMP was 
considerably below both the volume sold at the prior event and the volume sold 
at event 369, held one year ago. North Asian buyers purchased nearly 60 percent 
of the SMP offered at event 393, while buyers in Southeast Asia/Oceania and the 
Middle East purchased the second- and third-largest quantities, respectively.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 2500 - 2575


Information for the period November 24 -  December 5, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 393 on December 2, 2025, the average price for SMP across all 
contract periods was $2,498 per metric ton, corresponding to a 1.6 percent 
decrease in the SMP price index from the prior event. The average price for the 
January contract was $2,504 per metric ton, with the January price index down 
1.5 percent. More information on SMP prices at the most recent event can be 
found at 
https://www.globaldairytrade.info/en/product-results/skim-milk-powder/. 

Recently released export data from New Zealand showed October 2025 SMP export 
volumes were 32,786 metric tons, a decrease of 10.7 percent from the year 
prior. Export volumes of SMP from January - October 2025 were 321,000 metric 
tons, down 7.4 percent from the same time frame a year ago.

[0600059B]