MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  July 07, 2016 (REPORT 27)                          

OCEANIA                                                          
INFORMATION GATHERED  06/27/2016 - 07/08/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

Skim milk powder prices increased at each end of the 
price range. There is buyer interest in acquiring SMP 
but decent inventory levels to meet demand, which is 
tempering upward price pressure. At GDT Event 167 on 
June 15, SMP prices increased 8.5% for the August 
contract and 2.6% for all contracts. All contract 
periods recorded a positive percentage increase. SMP 
production in Australia January-April 2016 is 8.8% 
above the same period of last year according to Dairy 
Australia. However, April 2016 production is 11.6% 
below April last year.

1.25% BUTTERFAT:                         1,900 - 1,950           


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