MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  March 05, 2015 (REPORT 9)                          

OCEANIA                                                          
INFORMATION GATHERED  02/23/2015 - 03/06/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  Prices for whole milk powder increased 
substantially on both ends of the range.  The price increases over the 
past number of weeks have improved returns for WMP, and as a result, some 
additional milk flows have been diverted to expand production.  A few 
buyers who haven't booked adequate supplies are into the market trying to 
cover their needs.  Demand is beginning to show some signs of slowing as 
some buyers with adequate supplies are willing to hold off purchases.  
Some contacts are of the opinion that the market is at or near its high 
point.  According to GTIS, China's whole milk powder imports for January 
increased significantly compared to the previous month.  Nearly all of 
the supply imported into China came from New Zealand.  January 2015 whole 
milk powder imports into China were 37% below year ago levels, but 
comparable with 2013.  At the March 3 GDT event 135, the WMP pricing 
index, across all contracting periods, averaged $3,241 per MT, down 1.0% 
compared to the prior event.  For contract periods 1 and 2, April and 
May, NZ regular WMP averaged $3,190 and $3,195 per MT. 

26% BUTTERFAT:                           3,175 - 3,800           

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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