MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  August 17, 2017 (REPORT 33)                        

OCEANIA                                                          
INFORMATION GATHERED  08/07/2017 - 08/18/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

      Oceania skim milk powder prices are weaker. The SMP 
intervention stocks in Europe continue to hang over Oceania 
markets. Few expect Oceania SMP markets to step out of the EU 
shadow in the immediate term, certainly not until some 
resolution of intervention stocks occurs. Bankers in Oceania 
view SMP markets in the region remaining weak, but generally 
stable, in coming months.
	Australian SMP production in June, 13,356 MT, was up 5.2 
percent from June 2016. However, production July 2016-June 2017, 
222,109 MT, was 13.2 percent lower than the previous twelve 
months.
      At GDT Event 194 on August 15, the SMP all contracts price, 
$1,968, increased 0.3 percent while the September contract 
decreased 0.6 percent.                              
                                                                                                         
1.25% BUTTERFAT:                         1,950 - 2,000           



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