MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  February 04, 2016 (REPORT 5)                       

OCEANIA                                                          
INFORMATION GATHERED  01/25/2016 - 02/04/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  

Skim milk powder markets have a weak undertone with lower prices 
reflecting the impact of intervention pricing in the EU. Production 
has fallen, leaving sales primarily met from inventories. Some 
manufacturers view inventories as long. According to Eucolait, New 
Zealand's exports of SMP in 2015 increased 7%. About 30% of exports 
go to China. Singapore, Philippines, and Malaysia are other top 
markets for New Zealand SMP.  Australian SMP exports January through 
November 2015 increased 27.4%. The primary export markets are 
Indonesia, China and Malaysia. At the February 2 GDT event 157, SMP 
for all regions and contracting periods averaged $1,792 per MT, -
2.2%.  For trading in contract period 2, April, prices averaged 
$1,833 for NZ sourced medium heat product, -0.7% from the prior 
event.  
                                        
                                                                 
1.25% BUTTERFAT:                         1,725 - 1,900           



0930c Eric.Graf@ams.usda.gov 608.557.7005
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