USDA Oceania Whole Milk Powder 01/29 11:10

AMS_1039 MARS

Whole Milk Powder - Oceania

Released on January 29, 2026

Oceania whole milk powder (WMP) prices increased slightly at both ends of the 
price range during the reporting period. In line with seasonal patterns, 
production remains steady to lighter as milk production tapers off, leading to 
tighter inventories and supporting higher prices. European WMP continues to 
maintain a slight premium relative to Oceania product. During the reporting 
period, export prices strengthened and domestic prices were steady to stronger, 
in line with market expectations. Domestic processor prices were flat, while 
the domestic futures curve shifted upward across all contracts.

At Global Dairy Trade (GDT) event 396, WMP price indices increased across all 
contracts for which product was offered. The price indices for the February and 
March contracts increased less than the indices for the April, May, and June 
contracts, while no product was offered under the July contract. Price dynamics 
at event 396 hint at steady near-term demand and comparatively stronger 
long-term demand. The volume of WMP sold at event 396 was slightly lower than 
the volume sold at the prior event but was higher than the volume sold at event 
372, held one year ago. Buyers in North Asia purchased the most WMP at event 
396, though purchase volumes from the region were down both event over event 
and year over year. Buyers in the Middle East and Southeast Asia/Oceania 
purchased the second- and third-largest quantities of WMP, respectively, at 
event 396.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Whole Milk 
Powder
Price Range - 26% Butterfat; Dollars per Metric Ton: 3350 - 3425


Information for the period January 19 - 30, 2026, issued biweekly

Secondary Sourced Information:

During GDT event 396 on January 20, 2026, the average price for WMP across all 
contract periods was $3,449 per metric ton, corresponding to a 1.0 percent 
increase in the WMP price index from the prior event. The average price for the 
February contract was $3,403 per metric ton, with the February price index up 
0.3 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/. 

Dairy Australia recently released export data for Australia showing whole milk 
powder (WMP) export volumes from July - November 2025 totaled 25,264 metric 
tons, a decrease of 2.6 percent compared to export volume totals from July - 
November 2024.

Recently released export data from New Zealand showed December 2025 WMP export 
volumes were 159,747 MT, an increase of 6.0 percent from the year prior. Export 
volumes of WMP in 2025 were 1,331,374 MT, down 3.0 percent from 2024.

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