MD_DA126 Skim Milk Powder - Oceania Report 5 - Released on January 31, 2019 Prices for skim milk powder in Oceania increased slightly at the low end of the price range but remained steady at the top. The Oceania price range is higher than in Western Europe. Oceania price strength is expected to continue in coming months. However, there is no consensus whether this will move prices much higher than presently. Almost no one expects near term price weakness. SMP demand remains strong, keeping the available current supplies tight. Production has begun to slow for the season. Output is still decent for this time of year but is past the peak. Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 2,350 - 2,650 Information for the period January 21 - February 1, 2019, issued biweekly Secondary Sourced Information: Seasonal 2018 exports of SMP (July-November) from Australia, 63,127 MT, decreased 2.4 percent from the previous year according to Dairy Australia. The value of the 2018 SMP exports, 191.2 million Australian dollars, decreased 0.3 percent from last year. 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: http://www.ams.usda.gov/market-news/dairy DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home