MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  January 05, 2017 (REPORT 1)                        

OCEANIA                                                          
INFORMATION GATHERED  12/26/2016 - 01/06/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):   

Skim milk powder prices in Oceania firmed at each end of the price 
range this week. This is partly a result of some processors moving 
some milk away from SMP production into WMP. The price firming, 
moving prices closer to WMP pricing, is viewed as a positive 
development in some quarters. Volumes of SMP exports from New Zealand 
January-October 2016 increased 15.8% from the same period in 2015 
according to Eucolait. The main destinations and percentage of total 
were: China, 22%; Malaysia, 9.9%; and Philippines, 9.9%. At GDT Event 
179 on January 3, 2017, the all contracts SMP price percentage change 
was +2.3%.
                                                                                                        
1.25% BUTTERFAT:                         2,350 - 2,450


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