MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  September 15, 2016 (REPORT 37)                        

OCEANIA                                                          
INFORMATION GATHERED  09/05/2016 - 09/16/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):    

Skim milk powder prices increased at each end of the price 
range. The perception of recent lower production in Oceania and 
reduced SMP production in the EU as declining milk production 
there shifts into cheese to redress low inventories, is 
motivating buyers to step forward and secure SMP and future 
commitments. SMP production in Australia during July was down 
24.1% from July 2015, the first month of the new production 
season, according to Dairy Australia. Australia SMP exports 
January-July 2016 decreased 17.9% from the same period of 2015 
according to Eucolait. The top three export destinations and 
percentage of total exports are: Indonesia, 21.8%; China, 11.9%; 
and Malaysia, 9.9%. GDT event 171 on September 6 yielded SMP 
prices for the October 2016 contract up 12.7% and for all 
contracts up 10.0%.

1.25% BUTTERFAT:                         2,275 - 2,300           


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