MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  July 06, 2017 (REPORT 27)                          

OCEANIA                                                          
INFORMATION GATHERED  06/26/2017 - 07/07/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):   

      Oceania skim milk powder prices strengthened at the bottom 
of the price range but slightly weakened at the top. Bottom 
range prices are higher than Western Europe while top range 
prices are lower. It is widely believed that European SMP market 
and inventory factors weigh on markets in Oceania. 
       This year, January-May, New Zealand SMP exports show a 15.8 
percent decline from the same period one year earlier, according to 
Eucolait. Export volumes and primary destinations are shown in the 
following table:
       
  		 New Zealand SMP Exports
		 Main Three Destinations 
		 January-May 2017 
 
Destination     Quantity(MT)   Percent of Total  
China        	38,777          	25.1 
Malaysia        	15,043		 9.7 
Thailand        	13,313        	 8.6

      At GDT Event 191 on July 4, the SMP all contracts price 
decreased 4.5 percent while the August contract increased 2.3 
percent.
      The Dairy Market News international monthly average price 
in dollars/metric ton for Oceania SMP prices in June, 2017, 
$2,098, compares with $1,864 one year earlier. 
                                       
                                                                 
1.25% BUTTERFAT:                         2,100 - 2,150           


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