MD_DA126 Skim Milk Powder - Oceania Report 17 - Released on April 25, 2019 Oceania skim milk powder prices are steady to lower. Even with higher current pricing than in Western Europe, strong export demand in Oceania, especially from Asian buyers with longstanding trading relationships with manufacturers in Oceania, has been a continuing factor supporting pricing. There are expectations for pricing to remain relatively steady in coming months. That is contributing to a somewhat orderly market condition. Few buyers are in a rush to close deals. Most buyers are buying ahead and have some time flex in their outlook. The fact of low SMP production being expected at this low point of the milk season is baked in. It is not a factor much discussed or said to motivate much, one way or another. Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 2,450 - 2,625 Information for the period April 15 - 26, 2019, issued biweekly Secondary Sourced Information: SMP exports from Australia January-February 2019, 32,000 MT, were up 27.1 percent from January-February 2018, according to CLAL. The table below shows the top export destinations and country percent change comparing January-February 2019 with January-February 2018. AUSTRALIA SMP EXPORTS JAN-FEB 2019 % CHANGE DESTINATION 2019/2018 MT CHINA +58 7,221 INDONESIA +9 6,651 VIETNAM +1,322 5,716 SINGAPORE +4 1,868 At GDT event 234 on April 16, the SMP all contracts price, $2,462, increased 0.2 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 (MyMarketNews): https://mymarketnews.ams.usda.gov/