MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  February 05, 2015 (REPORT 5)                       

OCEANIA                                                          
INFORMATION GATHERED  01/26/2015 - 02/06/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  The SMP market has experienced some renewed 
export interest with some marginal price increases.  Market participants 
are very cautious noting the increase in competition and supplies from 
the Northern Hemisphere.  Oceania production may be restricted for the 
remainder of the season, due to declines in milk production, especially 
in New Zealand.  According to GTIS, China's imports of skim milk powder 
increased for the first time since July in December. December's volumes 
were 57% below year ago levels with New Zealand the top supplier.  The 
January to December 2014 totals show China's SMP imports 8% over year ago 
levels.  At the February 3 GDT event 133, SMP for all regions and 
contracting periods averaged $2,598 per MT, +6.7%.  For trading in 
contract period 2, April, prices averaged $2,455 for NZ sourced medium 
heat product, up $15 from the prior event.  
                                                                 
1.25% BUTTERFAT:                         2,300 - 2,700           

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-
home