MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  April 27, 2017 (REPORT 17)                         

OCEANIA                                                          
INFORMATION GATHERED  04/17/2017 - 04/28/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

      Skim milk powder prices in Oceania firmed and remain 
slightly higher than prices in Europe. However, pricing is not 
the highest level of 2017 in Oceania and generally has weakened 
through the year. Manufacturers in the region are wary of future 
pricing potential being held back by heavy global production and 
inventories. Buyers continue to have the upper hand in 
negotiations with manufacturers. Moving SMP into export sales is 
challenging. 
      At GDT Event 186 on April 18, the SMP all contracts price 
increased 7.1% and the May contract price increased 5.9%. 
                                                                 
1.25% BUTTERFAT:                         2,000 - 2,050           


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