MD_DA126 Skim Milk Powder - Oceania Report 49 - Released on December 03, 2020 The Oceania skim milk powder price range firmed. Recent demand from export customers has picked up. Many Asian buyers are motivated to execute contracts to lock in supply, even into Q2 2021. It is hoped that current export interest, if it continues, will overcome slower export activity earlier in 2020. So far, heightened COVID-19 related factors do not seem to have slowed shipments. New Zealand manufacturing plants have maintained active schedules to keep the SMP flowing. Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 2,825 - 2,925 Information for the period November 23 - December 4, 2020, issued biweekly Secondary Sourced Information: At GDT event 273 on December 1, the SMP all contracts price, $2,889, increased 3.6 percent. The January contract, $2,901 increased 2.1 percent. SMP exports from New Zealand January – October 2020, 271,000 MT, decreased 4.9 percent from January – October, 2020, according to CLAL data made available to USDA. 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