MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  May 28, 2015 (REPORT 21)                           

OCEANIA                                                          
INFORMATION GATHERED  05/18/2015 - 05/29/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Skim milk powder prices are down.  Demand is 
weak.  Most buyers in Southeast Asia have their near term needs covered.  
Some manufacturers have marginally increased prices for Q3 and Q4 
offerings.  Global supplies are readily available with increased 
production in the northern hemisphere.  Discounts can be negotiated on 
spot sales from those manufacturers seeking to adjust their stock levels 
prior to the close of the financial year.  At the May 19 GDT event 140, 
SMP for all regions and contracting periods averaged $1,992 per MT, -
3.6%.  For trading in contract period 2, July, prices averaged $1,970 for 
NZ sourced medium heat product, down $130 from the prior event.                   
                                                                 
1.25% BUTTERFAT:                         1,950 - 2,200           

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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