MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  March 19, 2015 (REPORT 11)                         

OCEANIA                                                          
INFORMATION GATHERED  03/09/2015 - 03/20/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Prices for SMP were mixed with near term pricing 
moving higher, while prices through the second half of Q2 moved lower.  
Export demand is fairly good, but buyers are more sensitive to pricing.  
May GDT contract prices for medium heat New Zealand sourced SMP moved 
higher, while all other contract periods declined between $205-$300/MT.  
Supplies are readily available throughout Oceania.  The market undertone 
is weak as global supplies are expected to increase in the coming weeks.  
At the March 17 GDT event 136, SMP for all regions and contracting 
periods averaged $2,731 per MT, -5.5%.  For trading in contract period 2, 
May, prices averaged $3,165 for NZ sourced medium heat product, up $220 
from the prior event.  

1.25% BUTTERFAT:                         2,600 - 3,175           

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