MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  May 14, 2015 (REPORT 19)                           

OCEANIA                                                          
INFORMATION GATHERED  05/04/2015 - 05/15/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  Whole milk powder prices moved significantly 
lower on the upper end of the range.  Supplies for export are readily 
available in New Zealand, but limited in Australia.  Demand has declined 
as many buyers have covered their near term needs and China's purchases 
are below expectations.  Efforts to reduce supplies to appropriate levels 
prior to the end of the fiscal year are prompting some manufacturers to 
provide additional discounts.  Whole milk powder exports for January to 
March, released by GTIS, saw New Zealand's exports down 4.8% year over 
year.  March demand for WMP increased in the 5 leading destinations, 
compared to February.  At the May 5 GDT event 139, the WMP pricing index, 
across all contracting periods, averaged $2,386 per MT, down 1.8% 
compared to the prior event.  For contract periods 2 and 3, July and 
August, NZ regular WMP averaged $2,310 and $2,400 per MT.
 
26% BUTTERFAT:                           2,300 - 2,600           

0930C rick.whipp@ams.usda.gov 608.557.7004
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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