MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  May 14, 2015 (REPORT 19)                           

OCEANIA                                                          
INFORMATION GATHERED  05/04/2015 - 05/15/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Prices for skim milk powder moved lower on both 
ends of the range.  Supplies are readily available in the region.  Most 
manufacturers have inventory volumes greater than desired this late in 
the fiscal year.  Some manufacturers have decided to carry their 
inventories into the new fiscal year rather than sell at current price 
levels.  Demand remains flat as most buyers have covered their near term 
needs.  Some major buyers have covered their anticipated needs through 
2015.  The market's undertone is weak, partially due to expanding 
competition and increased offerings from the northern hemisphere.  
According to GTIS, New Zealand's January-March exports increased 36.7%, 
compared to the same period last year.  China, the Philippines and 
Thailand expanded their March import volumes, compared to the previous 
month.  At the May 5 GDT event 139, SMP for all regions and contracting 
periods averaged $2,048 per MT, -7.5%.  For trading in contract period 2, 
July, prices averaged $2,100 for NZ sourced medium heat product, down 
$240 from the prior event.                   

1.25% BUTTERFAT:                         2,100 - 2,400           

0930C rick.whipp@ams.usda.gov 608.557.7004
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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