MD_DA126 Skim Milk Powder - Oceania Report 17 - Released on April 29, 2021 The Oceania skim milk powder price range contracted, with the low range price increasing and the high range price declining. SMP demand in Oceania remains strong. Most production is bought or contracted as it becomes available. Buyers from Southeast Asia have been less active in this cycle. China has dominated purchasing Oceania SMP available for export. Even with the buying interest, buyers showed greater resistance to high range prices. This was a factor in the price weakness. SMP from Western Europe and the United States offered better bargains and that became a negotiating factor as buyers shopped Oceania. While SMP and butter present the most profitable use of milk in Oceania, more milk is going to WMP, which is perceived as offering more steady demand. Thus, SMP production has a ceiling that is likely to help maintain prices in the declining milk production season. Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 3,400 - 3,425 Information for the period April 19 - 30, 2021, issued biweekly Secondary Sourced Information: At GDT event 282 on April 20, 2021, the SMP all contracts price, $3,365, was essentially steady. The May contract, $3,410, decreased 0.1 percent. 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