MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  May 26, 2016 (REPORT 21)                           

OCEANIA                                                          
INFORMATION GATHERED  05/16/2016 - 05/27/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

Skim milk powder prices in Oceania weakened at the 
lower end of the price range. Intervention pricing in 
the EU continues to weigh on SMP pricing in Oceania.  
GDT Event 164 on May 17 showed SMP prices in the early 
contract periods declined 2.8% and 1.4%. Dairy 
Australia reports that skim milk powder exports from 
Australia July 2015-March 2016, increased 5.2% 
compared with the same portion of the last production 
season. However, the value of SMP exports declined 
20.9%. New Zealand SMP exports January-March this year 
are up 4.2% from the same period of 2015, according to 
Eucolait.                         
                                                                                                   
1.25% BUTTERFAT:                         1,650 - 1,750   

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