MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  January 22, 2015 (REPORT 3)                        

OCEANIA                                                          
INFORMATION GATHERED  01/12/2015 - 01/23/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):                                         
                                                                 
Prices for whole milk powder moved higher on the low end of the range.  
Production is decreasing as milk volumes decline, but also due to milk 
flows being diverted from WMP production to other commodities offering a 
better return.  Supplies are more than adequate to cover needs, but not 
burdensome.  The dry conditions in New Zealand have sparked some 
increased export interest.  China's whole milk powder imports for 
November showed an increase compared to the previous month.  New Zealand 
remains the largest exporter of WMP into China, covering 98% of the WMP 
imported supplies.  January to November whole milk powder imports into 
China are cited at 21% above year ago levels.  At the January 20 GDT 
event 132, the WMP pricing index, across all contracting periods, 
averaged $2,402 per MT, up 3.8% compared to the prior event.  For 
contract periods 2 and 3, March and April, NZ regular WMP averaged $2,330 
and $2,385 per MT. 
                                                                 
26% BUTTERFAT:                           2,300 - 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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