MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  October 15, 2015 (REPORT 41)                       

OCEANIA                                                          
INFORMATION GATHERED  10/05/2015 - 10/16/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):                                         

Following a drop in current global offerings, WMP prices moved up. 
Demand for WMP is steady domestically. According to GTIS, exports YTD 
are decreasing as China imports are 54% down from year ago levels. 
New Zealand supplies 95% of the WMP imported into China. Available 
milk is finding its way to other dairy product production. Some 
manufacturers are making and storing WMP for future needs as the milk 
production forecast drops. At the October 6 GDT event 149, the WMP 
pricing index, across all contracting periods, averaged $2,824 per MT, up 
12.9% compared to the prior event. For November, regular New Zealand WMP 
averaged $2,905 per MT. According to GTIS, New Zealand WMP exports 
dropped in August, mainly due to lower demand from China and Algeria.


                                                                 
26% BUTTERFAT:                           2,600 - 2,925           


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