MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  August 18, 2016 (REPORT 33)                        

OCEANIA                                                          
INFORMATION GATHERED  08/08/2016 - 08/19/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  

Skim milk powder prices in Oceania are higher but less so than 
the magnitude of whole milk powder price strength. The EU 
intervention program and ramifications affecting SMP output and 
pricing are also affecting SMP markets in Oceania. At GDT Event 
170 on August 16, SMP prices for the September contract 
increased 3.8%, and the all contract SMP price increased 3.0%. 
Prices increased for all contract periods. Australia SMP 
production during June was down 19.3% from June 2015 but up 5.6% 
July 2015-June 2016 compared with the same period one year 
earlier according to Dairy Australia. Australia SMP exports 
January-June 2016 declined 17.4% from the same period of 2015 
according to Eucolait. The top three export destinations and 
percentage of total exports are: Indonesia, 21.4%; China, 12.3%; 
and Malaysia, 9.7%.
                                                                                                      
1.25% BUTTERFAT:                         1,975 - 2,025    

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