MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  August 20, 2015 (REPORT 33)                        

OCEANIA                                                          
INFORMATION GATHERED  08/10/2015 - 08/21/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP): Whole milk powder prices moved higher on the 
bottom. WMP production is slow. Most producers would rather make 
butter and SMP due to better returns. WMP is mainly made to order, 
but some manufacturers are reporting high inventory levels. Some 
producers are reporting they are receiving more inquiries on pricing 
levels, with little sales activity.   
                                        

According to GTIS, whole milk imports into China are still down. 
China accounted for 20% of New Zealand exports in June, compared to 
50% a year ago. Australian exports of WMP have increased in May, but 
still lag behind year ago levels. 

At the August 18 GDT event 146, the WMP pricing index, across all 
contracting periods, averaged $1,856 per MT, up 19.1% compared to the 
prior event. For October, regular New Zealand sourced WMP averaged 
$1,795 per MT.
                                      
                                                                 
26% BUTTERFAT:                           1,700 - 2,000           



0930C Tara.Herbst@ams.usda.gov 608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home