USDA Oceania Whole Milk Powder 11/20 10:20

AMS_1039 MARS

Whole Milk Powder - Oceania

Released on November 20, 2025

Prices for Oceania whole milk powder (WMP) declined at both ends of the price 
range during the reporting period. The larger decline at the top of the price 
range was due to lower domestic prices, as WMP production is in full swing amid 
the peak in milk output for the year. Strong milk output across the rest of the 
world is strengthening supply conditions, and WMP is widely available.

At GDT event 392, WMP prices fell across all contracts for which product was 
sold, but the 1.9 percent decline in the WMP price index still managed to 
outperform the overall GDT price index, which fell by 3.0 percent.  The 
quantity of WMP sold at event 392 was down slightly from the last event, which 
likely provided some support to prices, but was still higher than at event 369 
a year ago. Demand was still relatively healthy, with the North Asia region 
purchasing 52 percent of available WMP followed by 24 percent purchased by the 
Middle East region.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Whole Milk 
Powder
Price Range - 26% Butterfat; Dollars per Metric Ton: 3400 - 3500


Information for the period November 10 - 21, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 392 on November 18, 2025, the average price for WMP across all 
contract periods was $3,452 per metric ton, corresponding to a 1.9 percent 
decrease in the WMP price index from the prior event. The average price for the 
December contract was $3,474 per metric ton, with the December price index down 
2.9 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 WMP export 
volumes from July-September 2025 totaled 14,758 metric tons, a decrease of 10.2 
percent compared to export volume totals from July-September 2024.

[0600059B]