MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  July 23, 2015 (REPORT 29)                          

OCEANIA                                                          
INFORMATION GATHERED  07/13/2015 - 07/24/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):   

Prices for WMP moved lower this reporting period. New Zealand 
manufacturers are attempting to lower current supply levels prior to the 
end of July, which is the close of the financial year in New Zealand. 
This factor is motivating some manufacturers in terms of offering prices. 
Demand is tepid, with many large volume buyers only interested in hand to 
mouth purchases as the new production season nears. Oceania exports of 
WMP through May continue to perform below year ago levels.  Decreased 
demand from China is the main contributing factor in the downward trend. 
At the July 15 GDT event 144, the WMP pricing index, across all 
contracting periods, averaged $1,848 per MT, down 13.1% compared to the 
prior event. For contract period 5, December, regular WMP averaged $1,849 
per MT.
                                      
                                                                 
26% BUTTERFAT:                           1,775 - 2,000           

0930C eric.graf@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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