MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  December 08, 2016 (REPORT 49)                      

OCEANIA                                                          
INFORMATION GATHERED  11/28/2016 - 12/09/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):   

Skim milk powder prices in Oceania are unchanged. There is concern in 
the region with the ongoing sale of intervention stocks in the 
European Union. Uncertainty as to future sale intentions of the 
European Commission underlies the concern. Mitigating this concern is 
a belief of some people that the age of the intervention stocks will 
result in little effective competition for current production. This 
is keeping buyers and sellers wary of how to handle future 
contracting. However, reports of recent increased export activity has 
been encouraging. At GDT Event 177 on December 6, 2016, the all 
contracts SMP price increased 1.4%. The November 2016 Dairy Market 
News monthly average for Oceania SMP, $2,352, is up from $1,983 in 
November last year. 
                                                                 
1.25% BUTTERFAT:                         2,325 - 2,400           

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