MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  October 13, 2016 (REPORT 41)                       

OCEANIA                                                          
INFORMATION GATHERED  10/03/2016 - 10/14/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

Oceania skim milk powder prices are unchanged at the bottom of 
the price range, and weaker at the top. Pressure from European 
pricing and stocks is weighing on participants in global export 
markets. GDT event 173 on October 4 yielded SMP prices for the 
November 2016 contract down 2.2% and for all contracts, down 
3.9%. The Dairy Market News September 2016 monthly average for 
Oceania SMP, $2,344/metric ton, is 20.1% above September 2015. 
Australian SMP exports July-August 2016 decreased 32.7% in 
volume from the same period of 2015. The value of those exports 
this year are 44.5% below last year, according to Dairy 
Australia. New Zealand SMP exports January-August this year are 
up 12.1% over the same period last year. Primary destinations 
and percent of total SMP exports are: China, 23.7%; Malaysia, 
9.5%; and Philippines, 9.2%, according to Eucolait.

                                                                 
1.25% BUTTERFAT:                         2,300 - 2,500  

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