MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  August 04, 2016 (REPORT 31)                        

OCEANIA                                                          
INFORMATION GATHERED  07/25/2016 - 08/05/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

Skim milk powder prices in Oceania remained unchanged. There was 
little activity to move prices and few spot transactions. SMP 
production in New Zealand is focused on supplying long term 
customers and manufacturing operations of New Zealand 
cooperative owned enterprises. At GDT Event 169 on August 2, 
while SMP prices for the September contract declined 0.3%, the 
all contract price increased 2.1%. New Zealand skim milk powder 
exports January-June 2016 increased 8.1% from the same period of 
2015 according to Eucolait. The volume of exports during June 
increased from March, April and May. The top three export 
destinations and percentage of total exports are: China, 32.3%; 
Philippines, 10.0%; and Malaysia, 8.1%. May's escalated volumes 
over immediately previous months is believed to reflect 
increased purchasing interest from Chinese buyers.
                                                                                                    
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