MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  January 21, 2016 (REPORT 3)                        

OCEANIA                                                          
INFORMATION GATHERED  01/11/2016 - 01/22/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):   

Whole milk powder prices are unchanged. The most recent GDT event yielded 
slightly lower prices for the March contact but higher prices for the 
remaining contracts. WMP is New Zealand's major export. Future export 
contracts are being developed and manufacturing of WMP is somewhat tied 
to contracts more than seeking spot sales. Manufacturers are comfortable 
with current inventories.
                                      
                                                                 
26% BUTTERFAT:                           2,000 - 2,200           


0930c Eric.Graf@ams.usda.gov 608.557.7005
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