USDA Oceania Whole Milk Powder 12/04 10:20

AMS_1039 MARS

Whole Milk Powder - Oceania

Released on December 04, 2025

Prices for Oceania whole milk powder (WMP) fell slightly during the reporting 
period, with small price decreases at both ends of the price range. Production 
remains strong as New Zealand continues to enjoy strong milk production. 
Domestic demand was steady to stronger during the reporting period, with 
domestic processor prices holding steady. Export demand weakened due to an 
overabundance of supply in the global market, though decreases in export prices 
were not as sharp as some industry analysts expected. Downward pressure on 
prices induced by oversupply is likely to persist. Domestic futures prices slid 
across all contracts on offer and were generally below both domestic processor 
prices and export prices.

At Global Dairy Trade (GDT) event 393, WMP price indices fell across all 
contracts for which product was offered. Decreases were sharpest for the 
nearest-term contract, with the January index down 3.2 percent. The indices for 
the February to May contracts were each down between 1.9 and 2.6 percent, while 
no product was offered for delivery under the June contract. The volume of WMP 
sold at event 393 was above the volume sold at event 369, held one year ago, 
but considerably below the volume sold at the prior event. North Asian buyers 
purchased around half of the WMP on offer, with buyers in the Middle East and 
Southeast Asia/Oceania buying the second- and third-largest quantities, 
respectively.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Whole Milk 
Powder
Price Range - 26% Butterfat; Dollars per Metric Ton: 3300 - 3450


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 WMP across all 
contract periods was $3,364 per metric ton, corresponding to a 2.4 percent 
decrease in the WMP price index from the prior event. The average price for the 
January contract was $3,353 per metric ton, with the January price index down 
3.2 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/. 

Recently released export data from New Zealand showed October 2025 WMP export 
volumes were 119,914 metric tons, a decrease of 3.4 percent from the year 
prior. Export volumes of WMP from January - October 2025 were 1,031,347 metric 
tons, down 3.0 percent from the same time frame a year ago.

[0600059B]