MD_DA126

     Skim Milk Powder - Oceania

     Report 41 - Released on October 12, 2023

NOTICE: After October 16, 2023, all information found on this report will transition to a new PDF format. 
The same data will be collected and disseminated through AMS Marketing Analysis and Reporting 
Services (MARS) platform. The new pdf report can be accessed on the AMS website at:
https://www.ams.usda.gov/mnreports/ams_1038.pdf


     Oceania skim milk powder (SMP) prices improved at both ends of the price range. The SMP
     price index at GDT event 34 increased 6.6 percent, as North Asia buyers drove demand while
     making larger purchases. North Asia continues to be the top buyer. Prices increased for each
     contract, up 8.0 percent for contract 2. Contracting is moving ahead. There is reportedly no
     real sense of urgency among buyers, as more milk flows to SMP dryers in the region as a
     percentage of available milk for manufacturing. While it is still early in the season, there
     is adequate SMP available for interested buyers. Export demand is good coming from several
     countries. The undertone of the market overall is calm.
     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,500 - 2,600


     Information for the period October 2 - 13, 2023, issued biweekly

     Secondary Sourced Information:

     GLOBAL DAIRY TRADE
     At GDT event 341 on October 3, 2023, the SMP all contracts price, $2,558, increased 6.6
     percent. The November contract, $2,527, increased 6.8 percent.

     EXPORT
     New Zealand SMP exports during January-August 2023, 293,000 MT, increased 37.9 percent from
     the previous year, according to CLAL data made available to USDA.
     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