USDA Oceania Whole Milk Powder 01/15 11:55

AMS_1039 MARS

Whole Milk Powder - Oceania

Released on January 15, 2026

Oceania whole milk powder (WMP) prices rose slightly at the bottom end of the 
price range during the recent reporting period. The top of the price range held 
steady. Export demand strengthened after weakening in recent weeks. European 
WMP is currently selling at a premium relative to Oceania WMP, providing 
support for Oceania exports. Production is steady to lighter as milk production 
continues to decline seasonally. Product availability is tightening as a 
result, contributing to the price range firming up.

WMP outperformed market expectations at Global Dairy Trade (GDT) event 395, 
with prices increasing across all contract periods for which product was 
offered. The WMP price index increased by 7.2 percent, with especially strong 
results for near-term contracts. This result is significant as it is the first 
increase in the WMP price index since August 2025 and follows a 5.7 percent 
decline at the last GDT event in mid-December.  A combination of strong demand 
and more limited supply combined to lift prices. Volumes were down considerably 
from event 394 but were consistent with total sales at event 371 one year ago. 
The North Asia region remained the top buyer of WMP by volume, purchasing 41 
percent of available WMP, but the Middle East region increased their purchase 
share to 31 percent, contributing to the especially strong demand seen at event 
395.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Whole Milk 
Powder
Price Range - 26% Butterfat; Dollars per Metric Ton: 3200 - 3375


Information for the period January 5 - 16, 2026, issued biweekly

Secondary Sourced Information:

During GDT event 395 on January 6, 2026, the average price for WMP across all 
contract periods was $3,407 per metric ton, corresponding to a 7.2 percent 
increase in the WMP price index from the prior event. The average price for the 
February contract was $3,366 per metric ton, with the February price index up 
7.4 percent. More information on WMP prices at the most recent event can be 
found at 
https://www.globaldairytrade.info/en/product-results/whole-milk-powder/.

[0600059B]