MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  August 6, 2015 (REPORT 31)                          

OCEANIA                                                          
INFORMATION GATHERED  07/27/2015 - 08/07/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):    

Skim milk powder prices are lower. Demand is starting to increase as 
some buyers are lacking in volumes and trying to fill for current 
needs, while others are contracting for future needs. Some 
manufacturers report current pricing levels are not sustainable. 
Processors are looking to sell product as they do not want to have 
high levels of stocks. 

At the August 4 GDT event 145, SMP for all regions and contracting 
periods averaged $1,419 per MT, -14.4%. For trading in contract 
period 3, November, prices averaged $1,365 for NZ sourced medium heat 
product.   

According to GTIS, China's January-June imports of SMP were 28% below 
year ago levels. New Zealand is the leading exporter of SMP to China. 
                                   
                                                                 
1.25% BUTTERFAT:                         1,325 - 1,700   

       

0930C Tara.Herbst@ams.usda.gov 608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home