MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  March 03, 2016 (REPORT 9)                          

OCEANIA                                                          
INFORMATION GATHERED  02/22/2016 - 03/03/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):    

Skim milk powder prices moved lower, reflecting a weak market with 
substantial milk to handle. The near term GDT contract for April is lower 
although the all contracts average is higher. The continuing fact of 
intervention SMP purchases in the EU is a significant factor holding 
prices down. Change in this situation is not expected in the near term. 
Dairy Australia reports that the volume of July-December 2015 skim milk 
powder exports was 15.3% higher than the same period of 2014. However, 
the value of July-December 2015 SMP exports was 16.7% below the prior 
year. At the March 1 GDT event 159, SMP for all regions and contracting 
periods averaged $1,802 per MT, +1.3%. For the April 16 contract period, 
prices averaged $1,782, -3.9% from the prior event.  
                                                                                                     
1.25% BUTTERFAT:                         1,700 - 1,825           

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