MD_DA126

     Skim Milk Powder - Oceania

     Report 43 - Released on October 22, 2020


     The Oceania skim milk powder price range is lower. The greatest downward adjustment was the
     top of the price range. Many buyers and sellers had expected pricing to ease this week.
     Volumes of SMP offered at the GDT event were steady with two weeks ago. Expectations of less
     SMP availability later this year are leading contract negotiations to gravitate toward
     pricing above current levels. Strong export interest is also expected to continue in coming
     months. Regional manufactured volumes will be declining.

     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,825 - 2,900


     Information for the period October 12 - 23, 2020, issued biweekly

     Secondary Sourced Information:


     Seasonal SMP exports from Australia July � August 2020, 13,368 MT, increased 27.4 percent
     from July � August 2019 according to Dairy Australia.


     SMP exports from New Zealand January � August 2020, 2,521 MT, increased 61.1 percent from
     January � August 2019 according to CLAL data made available to USDA.


     At GDT event 270 on October 20, the SMP all contracts price, $2,851, decreased 0.2 percent.
     The November contract, $2,885, decreased 10.2 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 (My Market News): https://mymarketnews.ams.usda.gov