MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  July 21, 2016 (REPORT 29)                          

OCEANIA                                                          
INFORMATION GATHERED  07/11/2016 - 07/22/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  

Skim milk powder prices remained unchanged, with 
little market activity. Most regular customers are 
believed to have decent inventories, leading to little 
buying urgency. At GDT Event 168 on July 19, SMP 
prices for the August contract declined 0.3% and the 
all contract price declined 1.1%. The volume of 
Australian skim milk powder exports July 2015-May 2016 
increased 4.4% compared with one year earlier, 
according to Dairy Australia. The value declined 
20.3%. Australian SMP production year to date through 
April declined 8.8% from the prior year. New Zealand 
skim milk powder exports January-May 2016 increased 
1.5% from the same period of 2015 according to 
Eucolait. The top three export destinations and 
percentage of total exports are: China, 22.7%; 
Philippines, 10.7%; and Malaysia, 8.1%.
                                      
                                                                 
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