MD_DA127 DA MD DA127 Whole Milk Powder - Oceania MADISON, WI. February 05, 2015 (REPORT 5) OCEANIA INFORMATION GATHERED 01/26/2015 - 02/06/2015 U.S. DOLLARS PER METRIC TON, FOB PORT WHOLE MILK POWDER (WMP): Good export sales in December and accelerated declines in milk production have sparked WMP demand. Various published reports state New Zealand's December 2014 exports at 22% above the previous month and 10% above year ago levels. A majority of current stocks are committed. New Zealand supplies continue to be available, but some manufacturers are being more cautious about becoming overcommitted. Australian production and exports have been restricted, due to diversions of milk flows to more profitable dairy products for a number of weeks. Some Australian manufacturers have noticed significant demand increases for instantized WMP from China in recent weeks and may be a prelude to increased interest for regular WMP. According to GTIS, China's whole milk powder imports for December declined marginally compared to the previous month. New Zealand remains the largest supplier of WMP into China and for 2014 covered over 90% of imports. January to December 2014 whole milk powder imports into China were 8% above year ago levels. At the February 3 GDT event 133, the WMP pricing index, across all contracting periods, averaged $2,874 per MT, up 19.2% compared to the prior event. For contract periods 1 and 2, March and April, NZ regular WMP averaged $2,830 and $2,840 per MT. 26% BUTTERFAT: 2,400 - 2,900 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- home