MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  August 03, 2017 (REPORT 31)                        

OCEANIA                                                          
INFORMATION GATHERED  07/24/2017 - 08/04/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):    

	Oceania skim milk powder prices declined slightly. Buyers continue 
to purchase mostly as needed rather than maintain a large inventory 
cushion. 
       This year, January-June, New Zealand SMP exports, 188,591 MT, 
decreased 14.6 percent from the same period one year earlier, 
according to Eucolait. January-June, the range of percentage changes 
year to date in cumulative export volumes ranges from -7.9 percent in 
January, to -22.9 percent in February.
       Export volumes and primary destinations are shown in the 
following table:

  		 New Zealand SMP Exports
		 Main Three Destinations 
		 January-June 2017 
 
Destination     Quantity(MT)   Percent of Total  
China              53,266         27.8 
China              17,856          9.3 
Malaysia           14,890          7.8

       The Dairy Market News international monthly average price in 
dollars/metric ton for Oceania SMP prices in July, 2017, 2,057, 
compares with $1,925 one year earlier. 
       At GDT Event 193 on August 1, the SMP all contracts price 
decreased 3.0 percent.                               

1.25% BUTTERFAT:                         2,000 - 2,025           


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