Skim milk powder prices continued on a downward trend as prices at the low end of the range declined. Production is very strong with most manufacturing plants operating at or near capacity. Supplies are building as manufacturers are focused on production and clearing milk volumes as quickly as possible. Demand is active and in some cases described as solid, but the current supply situation in Oceania and the world makes the skim milk powder market a buyer's market. Trading with the more price sensitive nations of Africa has increased. Most buyers are looking to contract product well into 2015, while sellers are still hesitant to book beyond Q2.