MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  January 08, 2015 (REPORT 1)                        

OCEANIA                                                          
INFORMATION GATHERED  12/22/2014 - 01/09/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  Prices for whole milk powder are unchanged 
going into the New Year.  The WMP market continues to show limited 
interest from China, but some major distributors in China are showing 
some increased interest.  Demand from the Middle East, Africa and 
Southeast Asia remains active.  Recent increases in the Oceania butter 
market may be foretelling of possible price increases in the weeks ahead.  
A majority of the January and February supplies are committed.  According 
to Dairy Australia, July-October exports of WMP declined by 27.6% 
compared to the same period a year ago.  At the January 6 GDT event 131, 
the WMP pricing index, across all contracting periods, averaged $2,307 
per MT, up 1.6% compared to the prior event.  For contract periods 1 and 
2, February and March, NZ regular WMP averaged $2,235 and $2,245 per MT. 
                                                                 
26% BUTTERFAT:                           2,200 - 2,700           

0930C rick.whipp@ams.usda.gov 608.278.4151
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-
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