MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  January 22, 2015 (REPORT 3)                        

OCEANIA                                                          
INFORMATION GATHERED  01/12/2015 - 01/23/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Prices for skim milk powder moved marginally 
higher on the low end of the range.  Production is active and supplies 
are readily available.  Demand is fairly good with continued interest 
from those countries with weaker economies who typically purchase SMP 
when prices are relatively low.  The steady demand over the last number 
of weeks has kept supplies from becoming burdensome.  The market 
undertone is steady.  According to GTIS, China's imports of skim milk 
powder decreased for the fourth consecutive month in November.  New 
Zealand was able to increase its export volume in November.  The January 
to November totals show China's SMP imports 19% over year ago levels.  At 
the January 20 GDT event 132, SMP for all regions and contracting periods 
averaged $2,389 per MT, +1.0%.  For trading in contract period 2, March, 
prices averaged $2,415 for NZ sourced medium heat product, down $5 from 
the prior event.  
                                                                 
1.25% BUTTERFAT:                         2,225 - 2,600           

0930C rick.whipp@ams.usda.gov 608.278.4151
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-
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