MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  August 31, 2017 (REPORT 35)                        

OCEANIA                                                          
INFORMATION GATHERED  08/21/2017 - 09/01/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):    

       Oceania skim milk powder prices weakened slightly. Expectations 
of higher milk supplies in the new season have led to buyers thinking 
more about the potential downward pressure on prices that might 
occur. Of course, the uncertainty as to possible sale of heavy 
intervention stocks in also a factor. Nevertheless, the lower prices 
are slight changes, reflecting a prevailing impression that stocks 
and prices are well supported near present prices. .                                       
       New Zealand SMP exports January-July, 232,000 MT, decreased 10.0 
percent from the same period last year, according to CLAL.
       China has noticeably increased SMP imports this year. January-
July China SMP imports, 158,554 MT, increased 24.9 percent from the 
same period one year earlier, according to Eucolait. January-July, 
the range of monthly percentage changes year to date in cumulative 
import volumes varies from -2.0 percent in January, to +24.9 percent 
in July. Import volumes and primary origins are shown in the 
following table:
  		 
                          China SMP Imports
                          Main Three Origins 
                          January-July 2017 
 
Origin                    Quantity (MT)   Percent of Total  
New Zealand               78,407          49.5 
Australia                 18,324          11.6 
U.S.A.                    16,369          10.3

	There are no GDT event results this week as this is one of the 
occasional periods with three weeks between events. The next event 
will be September 5.
 

1.25% BUTTERFAT:                         1,925 - 1,975       

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