MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  February 04, 2016 (REPORT 5)                       

OCEANIA                                                          
INFORMATION GATHERED  01/25/2016 - 02/04/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP): 


There is a weaker undertone to whole milk powder markets. Some potential 
buyers have decided to hold back due to weaker price signals from futures 
markets. There are also recent signs of some export customers in oil 
producing countries showing less interest in finalizing export contracts 
in the face of lower global oil prices. According to Eucolait, New 
Zealand's exports of WMP in 2015 increased each month September through 
December, but for the year decreased 3.2%. China reduced imports nearly 
60% in 2015 but increases in imports by UAE, Malaysia, Sri Lanka and 
Vietnam helped to partially offset the China effect. Australian WMP 
exports January through November 2015 increased 19.7%, with Japan being 
the largest customer. At the February 2 GDT event 157, the WMP pricing 
index, across all contracting periods, averaged $1,952 per MT, down 10.4% 
compared to the prior event.  For contract periods 1 and 2, March and 
April, NZ regular WMP averaged $2,034 and $1,910 per MT, down 8.5% and 
9.4% respectively. 
                                        
                                                                 
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