MD_DA126 Skim Milk Powder - Oceania Report 11 - Released on March 12, 2020 Skim milk powder prices in Oceania are lower. Demand has dropped quite a bit for deliveries currently and into April. This is a significant factor pulling overall pricing lower. Weaker demand from north Asia, including China, are regularly cited factors. Coronavirus continues to slow SMP demand for all the so often mentioned reasons. Because New Zealand has developed export patterns with China as a large and significant export customer, when China slows buying or accepting deliveries, it leads to a backup in stocks. Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 2,725 - 2,850 Information for the period March 2 - 13, 2020, issued biweekly Secondary Sourced Information: Australian exports of SMP July 2019 – January 2020, 56,582 MT, compared with July 2018 – January 2019, decreased 40.9 percent according to Dairy Australia. SMP exports from New Zealand during January 2020, 42,279 MT, decreased 8.8 percent from January 2019, according to Eucolait. During 2019, China, the largest export customer, accounted for 35.3 percent of SMP exports from New Zealand. At GDT event 255 on March 3, the SMP all contracts price, $2,747, decreased 3.2 percent. The April contract, $2,764, decreased 14.3 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