MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  July 09, 2015 (REPORT 27)                          

OCEANIA                                                          
INFORMATION GATHERED  06/29/2015 - 07/10/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):                                          
                                                                 
Prices for SMP moved lower on both ends of the range this reporting 
period. Supplies are more readily available in New Zealand than 
Australia. Demand is light. Forward contracting is slow for Q3, somewhat 
better in Q4. Existing supplies and increasing production in the coming 
weeks are contributing to the market's weak undertone. Some buyers are 
negotiating for a fixed price through 2016.
  
According to GTIS, China's January-May imports of SMP were 31% below year 
ago levels. New Zealand's year to date exports to China has increased 
compared to last year and covers 74% of China's year to date imports.  

At the July 1 GDT event 143, SMP for all regions and contracting periods 
averaged $1,875 per MT, -5.8%. For trading in contract period 2, 
September, prices averaged $1,830 for NZ sourced medium heat product, 
down $105 from the prior event.                   

1.25% BUTTERFAT:                         1,775 - 2,100           

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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