Oceania skim milk powder prices declined again this reporting period, but not as sharply as two weeks ago. Production is steady with recent weeks. A majority of the end of season milk production volumes are being channeled to SMP production. Skim milk powder supplies are in balance with need, with adequate volumes available for the upcoming carry over period. Some additional product is making its way onto the spot market as manufacturers are making adjustments to inventories to minimize uncommitted stocks at the close of the financial year.