MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  March 19, 2015 (REPORT 11)                         

OCEANIA                                                          
INFORMATION GATHERED  03/09/2015 - 03/20/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  The WMP market saw prices move substantially 
lower on both ends of the range.  The lower prices were in response to 
buyers increasingly looking to Europe as an alternative source for lower 
priced WMP.  Some market participants anticipate further convergence of 
global prices in the coming weeks.  Demand has softened as a number of 
major buyers have covered a majority of their needs through Q3.  Supplies 
are readily available via New Zealand, while the majority of stocks in 
Australian are committed.  At the March 17 GDT event 136, the WMP pricing 
index, across all contracting periods, averaged $2,928 per MT, down 9.6% 
compared to the prior event.  For contract periods 2 and 3, May and June, 
NZ regular WMP averaged $2,840 and $2,950 per MT. 

26% BUTTERFAT:                           2,850 - 3,400           

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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