MD_DA126 Skim Milk Powder - Oceania Report 11 - Released on March 14, 2019 Prices for skim milk powder in Oceania are mixed; weaker at the low end of the price range but higher at the top. Production volumes of SMP are seasonally lower. This reflects lower milk intakes for most manufacturing plants. Partly this is seasonal, and partly reflecting persistent dry weather in Australia. Near term supplies suddenly seem tighter than some buyers had expected, which has sparked buying interest. The weakness in the low end of the price range narrowly reflects distinct situations involving location and timing of the transaction. Lower SMP pricing in Western Europe is also a factor impacting pricing for manufacturers seeking export deals. Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 2,475 - 2,875 Information for the period March 4 - 15, 2019, issued biweekly Secondary Sourced Information: This milk production season, July 2018 ± January 2019 SMP exports from Australia, 95.8 million MT, increased 7.9 percent from year earlier, according to Dairy Australia. The value of Australian SMP exports, 288.8 million Australian dollars, increased 10.4 percent. SMP exports from New Zealand during January 2019, 48,000 MT, were up 7.3 percent from January 2018, according to CLAL. The table below shows the top export destinations and country percent change comparing January 2019 with January 2018. New Zealand SMP Exports % Change Jan. Destination 2019/2018 China -2.2 Philippines +70.8 Vietnam +154.0 Thailand +0.7 Malaysia -18.7 At GDT event 231 on March 5, the SMP all contracts price, $2,462, decreased 4.3 percent. The April contract, $2,875, increased 7.3 percent. Published by: Dairy Market News - Madison, WI Eric Graf, 608.422.8590 Email: eric.graf@ams.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 (MyMarketNews): https://mymarketnews.ams.usda.gov/ DMN Database Portal: https://www.marketnews.usda.gov/mnp/da-home