MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  September 03, 2015 (REPORT 35)                     

OCEANIA                                                          
INFORMATION GATHERED  08/24/2015 - 09/04/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):                                         


Whole milk powder prices moved higher. Whole milk powder production is 
down as most processors are making only for orders or to fill contracts. 
Sources report that end users are taking contracted loads. Manufacturers 
are choosing to make cheese or butter and SMP instead due to better 
returns. According to GTIS, New Zealand exports increased slightly in 
July. Algerian demand doubled but supplies going into China are down 
61% from a year ago. At the September 1 GDT event 147, the WMP 
pricing index, across all contracting periods, averaged $2,078 per 
MT, up 12.1% compared to the prior event. For October, regular New 
Zealand sourced WMP averaged $2,115 per MT.
                                      


                                                                 
26% BUTTERFAT:                           1,850 - 2,200           


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