MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  October 29, 2015 (REPORT 43)                       

OCEANIA                                                          
INFORMATION GATHERED  10/19/2015 - 10/30/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):                                         

Following a drop in current global offerings, WMP prices are steady 
to increasing. The increased production of WMP in Europe has affected 
demand. This, along with the decreased milk output forecasts have 
resulted in a reduction in Oceania WMP production. Several 
manufacturers have channeled milk supplies to other dry dairy 
products. Some manufacturers are making and storing WMP in 
preparation for future demand. At the October 20 GDT event 150, the WMP 
pricing index, across all contracting periods, averaged $2,694 per MT, 
down 4.6% compared to the prior event. For December, regular New Zealand 
WMP averaged $2,740 per MT. 

                                                                 
26% BUTTERFAT:                           2,600 - 3,000           



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