MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  March 02, 2017 (REPORT 9)                          

OCEANIA                                                          
INFORMATION GATHERED  02/20/2017 - 03/03/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  

Skim milk powder prices in Oceania very slightly firmed this 
week, up slightly from last report. This market has been very 
short term focused, also wary of intervention stocks in the EU. 
Thus subtile price movements, as in this week, tend to be viewed 
as trading range adjustments rather than trends.

Australia SMP exports during 2016, 163,654 MT, were 18.4% lower 
than during 2015 according to Eucolait. Main destinations were 
Indonesia, 23.4%; Malaysia, 11.4%; and China, 10.6%.

New Zealand SMP exports during 2016, 451,252 MT, were 9.7% 
higher than during 2015 according to Eucolait. Main destinations 
were China, 24.2%; Iran, 9.3%; and Egypt, 8.9%.

At GDT Event 182 on February 21, the SMP all contracts price 
declined 3.8% but the March contract price increased 0.2%.
                                                                                                         
1.25% BUTTERFAT:                         2,450 - 2,650           

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