MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  September 17, 2015 (REPORT 37)                     

OCEANIA                                                          
INFORMATION GATHERED 09/07/2015 - 09/18/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):                                         

Prices for whole milk powder have increased from last reporting period. 
Some producers in Australian report current export demand is low. New 
Zealand export demand is steady to higher as the market firms. WMP 
production is slow as most manufacturers are making product to fill 
current orders only. According to GTIS, Australian WMP exports dropped 
in July and remain below year ago levels, mainly due to lower demand 
from China. At the September 15 GDT event 148, the WMP pricing index, 
across all contracting periods, averaged $2,495 per MT, up 20.6% 
compared to the prior event. For November, regular New Zealand WMP 
averaged $2,460 per MT.
                                      

                                                                 
26% BUTTERFAT:                           2,100 - 2,500           



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