MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  April 13, 2017 (REPORT 15)                         

OCEANIA                                                          
INFORMATION GATHERED  04/03/2017 - 04/14/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):    

      Oceania skim milk powder prices weakened. The market 
overhang of EU stocks of SMP continues to pressure pricing. 
Oceania prices are still slightly higher than in Europe, but the 
magnitude of difference is closer after the current price 
adjustment. Almost all commentary about pricing weakness focuses 
on European stocks.                                      
      Australian SMP exports, for the season through February, 
show lower sales volumes and revenue. Dairy Australia reports 
the data as follows:

Australia SMP Exports
SMP: July 2016-Feb. 2017
Quantity MT	% Change
103,976		-18.6%	
1,000 AUD		% Change
294,006		-19.6%
      SMP results in the last GDT event were slightly weaker than 
had been expected. At GDT Event 185 on April 4, the SMP all 
contracts price decreased 0.8% and no product was sold for the 
May contract.
      The March 2017 Dairy Market News international monthly 
average for Oceania SMP is $2,148, compared with $1,742 for 
March 2016.
      

1.25% BUTTERFAT:                         1,900 - 1,925


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