MD_DA126

     Skim Milk Powder - Oceania

     Report 11 - Released on March 16, 2023

     The Oceania skim milk powder price moved lower at both ends of the range, as SMP prices
     eased at GDT event 327. North Asia was the largest buyer of SMP. While offered supply
     volumes were down compared to the previous event, spot demand has tracked lower. Available
     supplies are filling customer contractual agreements. New Zealand SMP production is stable.
     The SMP undertone is unsettled as the market gets a better understanding of regional supply
     volumes.
     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,725 - 2,775


     Information for the period March 6 - 17, 2023, issued biweekly

     Secondary Sourced Information:

     GLOBAL DAIRY TRADE
     At GDT event 327 on March 7, 2023, the SMP all contracts price, $2,739, declined 1.1
     percent. The April contract, $2,747, declined 0.9 percent.

     Published by:
     Dairy Market News - Madison, WI
     DANIEL JOHNSON, 608-422-8605
     Email: daniel.johnson4@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov