MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  September 29, 2016 (REPORT 39)                     

OCEANIA                                                          
INFORMATION GATHERED  09/19/2016 - 09/30/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

Oceania skim milk powder prices are up slightly at the bottom of 
the price range but up more at the top. The top range prices are 
not believed to represent significant volumes of transactions 
and relate to time imperatives. Sellers and buyers in the region 
are quite aware of European SMP pricing. Manufacturers in New 
Zealand feel other dairy products offer more attractive returns. 
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 Philippines, 9.2%. GDT event 172 on 
September 20 yielded SMP prices for the October 2016 contract 
down 0.4% and for all contracts up 3.0%.  
                                                                                                        
1.25% BUTTERFAT:                         2,300 - 2,600 

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