MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  March 05, 2015 (REPORT 9)                          

OCEANIA                                                          
INFORMATION GATHERED  02/23/2015 - 03/06/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):   Prices for SMP moved higher on both ends of the 
range this reporting period.  Demand is mixed as some buyers are starting 
to show some price resistance and holding off purchases if possible, 
while some increased buying was noted coming from Singapore as blenders 
have expanded their production schedules.  Supplies are readily available 
in both Australia and New Zealand.  Global supplies are expected to 
increase in the coming weeks as milk production increases in the northern 
hemisphere.  According to GTIS, China's January imports of SMP were 32% 
below year ago levels.  New Zealand exports to China for the month were 
near the same levels achieved in 2014, suppliers from Europe and the U.S. 
saw their share of exports into China drop substantially.  At the March 3 
GDT event 135, SMP for all regions and contracting periods averaged 
$2,935 per MT, +5.9%.  For trading in contract period 2, May, prices 
averaged $2,945 for NZ sourced medium heat product, up $320 from the 
prior event.  

1.25% BUTTERFAT:                         2,750 - 3,050           

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