MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  September 14, 2017 (REPORT 37)                     

OCEANIA                                                          
INFORMATION GATHERED  09/04/2017 - 09/15/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  

       Oceania skim milk powder prices are unchanged. Any strength for 
current transactions tends to reflect buyers needing to stock up. Many 
current negotiations between sellers and potential buyers often fail to 
finalize due to inflexibility to close the gap between respective buyer-
seller expectations. Trading is slow in the current period. Weaker prices 
are expected in the near term. 
       January-July, the range of percentage changes year to date in 
cumulative New Zealand skim milk powder export volumes vary from -21.8 
percent in February, to January's -6.5 percent. Export volumes and primary 
destinations are shown in the following table:
 
                        New Zealand Skim Milk Powder Exports
                         Main Three Destinations 
                           January-July 2017 
 
Destination           Quantity(MT)   Percent of Total  
China                   67,431          29.1
Malaysia                20,863           9.0
Philippines             18,167           7.8

       At GDT Event 195 on September 5, the SMP all contracts price, $1,944, 
decreased 1.2 percent, while the October contract increased 3.3 percent to 
$2,040. 


1.25% BUTTERFAT:                         1,925 - 2,050 

0930c MIKE.BANDLI@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-
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