MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  April 28, 2016 (REPORT 17)                         

OCEANIA                                                          
INFORMATION GATHERED  04/18/2016 - 04/29/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):   

Skim milk powder prices in Oceania very slightly increased. This 
follows GDT Event 162 on April 19, where May contracts slightly 
firmed while June and July contracts declined. Pricing is expected to 
narrowly move up or down, close to EU intervention pricing, at least 
through the first half of the year. Intervention stocks are expected 
to delay any significant price recovery in the near term, even in 
Oceania, due to volumes produced in the EU. Export activity varies 
between Australia and New Zealand. Ecolait reports that 2016 New 
Zealand SMP exports through February compared with January-February 
2015 increased 20.0%. In Australia SMP exports declined 11.7%. During 
the first two months of 2016, the main destinations for New Zealand 
SMP exports and percentage of total SMP exports for the period were: 
China 22.3%; Philippines 10.8%; and Vietnam 10.5%. For Australia, SMP 
exports and percentage of total SMP exports for the period were: 
Indonesia 20.9%; Vietnam 13.6%; and Kuwait 10.9%.
                                       
                                                                 
1.25% BUTTERFAT:                         1,700 - 1,800  

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