Skim Milk Powder - Oceania
MD_DA126

     Skim Milk Powder - Oceania

     Report 21 - Released on May 27, 2021


     The Oceania skim milk powder price range is higher. Dairy observers say that buyers are
     still very active in seeking export deals. Manufacturers are also eager to close deals now
     because many believe that SMP prices are not likely to increase much more. That leads to
     increased motivation to close deals at or near current price levels.

     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   3,475 - 3,600


     Information for the period May 17 - 28, 2021, issued biweekly

     Secondary Sourced Information:


     At GDT event 284 on May 18, 2021, the SMP all contracts price, $3,447, increased 0.7
     percent. The June contract, $3,542, increased 1.9 percent.

     January � March 2021 SMP exports from New Zealand 88,000 MT, decreased 19.0 percent from
     January � March 2020, according to CLAL data made available to USDA. The main export
     destinations January - March 2021, quantities, and percent change from January � March
     2020, were China, 33,607 MT, +10.72 percent; Indonesia, 11,425 MT, -2.80 percent; and
     Singapore, 6,246 MT, +10.58 percent.

     July 2020 � March 2021 SMP exports from Australia 91,671 MT, increased 18.9 from July 2019
     � March 2020, according to Dairy Australia.






     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@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