MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  September 03, 2015 (REPORT 35)                     

OCEANIA                                                          
INFORMATION GATHERED  08/24/2015 - 09/04/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):                                          

Skim milk prices are higher. Manufacturers feel that prices are in line 
with U.S. prices, but below Europe on the global market. Production is up 
as more producers are pushing milk volumes into butter and skim milk 
production. Some manufacturers report higher than desired stock levels.                            
According to GTIS, New Zealand SMP exports increased in July and are 
13% above year ago levels. China imports from New Zealand have 
decreased year-to-date by 3.6%. At the September 1 GDT event 147, SMP 
for all regions and contracting periods averaged $1,698 per MT, 
+11.7%. For trading in contract period 1, October, prices averaged 
$1,695, +16.9%. 

                                                                 
1.25% BUTTERFAT:                         1,675 - 1,900           

       

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