MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  September 1, 2016 (REPORT 35)                        

OCEANIA                                                          
INFORMATION GATHERED  08/22/2016 - 09/02/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):    

Skim milk powder prices are up slightly. Available inventories 
at some manufacturers are tighter, but not all. With milk 
production at a low point in the annual cycle, production of SMP 
is also lower and most current production is already committed. 
Manufacturers expect some gentle price firming in coming weeks. 
New Zealand SMP exports January-July 2016 increased 12.6% from 
the same period of 2015 according to Eucolait. The top three 
export destinations and percentage of total exports are: China, 
23.3%; Malaysia, 9.5%; and the Philippines, 9.2%.
                                      
                                                                 
1.25% BUTTERFAT:                         2,000 - 2,200           


0930c Eric.Graf@ams.usda.gov 
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