MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  September 28, 2017 (REPORT 39)                     

OCEANIA                                                          
INFORMATION GATHERED  09/18/2017 - 09/29/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):   

       Oceania skim milk powder prices weakened. SMP is a smaller 
component of regional exports, certainly for New Zealand. As a 
smaller player relative to other regions in global SMP markets, the 
dominance of the EU in the current supply situation remains a strong 
factor. Globally this is a weak market and in Oceania it is no 
different.
       January-July Australia SMP exports, 96,866 MT, declined 0.7 
percent from the same period one year earlier, according to Eucolait. 
The range of monthly percentage changes in cumulative export volumes 
varies from -24.5 percent in April, to -0.7 percent in July. Export 
volumes and primary destinations are shown in the following table:
 
  		             Australia SMP Exports
                 	Main Three Destinations 
                 	  January-July 2017 
 
Destination       	Quantity(MT)   Percent of Total  
Indonesia             20,762                21.1 
China                 20,590                20.9 
Malaysia              13,280                13.5

At GDT Event 196 on September 19, the SMP all contracts price, 
$1,920, decreased 1.2 percent. The October contract, $1,930, 
decreased 5.4 percent.
                                                                                                       
1.25% BUTTERFAT:                         1,850 - 1,950           

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-
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