MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  March 03, 2016 (REPORT 9)                          

OCEANIA                                                          
INFORMATION GATHERED  02/22/2016 - 03/03/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):       

Pricing of whole milk powder increased slightly at the bottom of the 
price range, but held steady at the top. A number of customers globally 
have a preference for New Zealand WMP, which helps support the price 
parameters in a globally competitive market. Production continues to be 
steady at volumes sufficient to meet customer interest. Dairy Australia 
reports that the volume of July-December 2015 whole milk powder exports 
was 4.9% lower than the same period of 2014. However, the value of July-
December 2015 WMP exports was 46.1% higher than the prior year. At the 
March 1 GDT event 159, whole milk powder for all regions and contracting 
periods averaged $1,974 per MT, +5.5%. For the April 16 contract period, 
prices averaged $1,919, -4.7% from the prior event.  
                                                                                                  
26% BUTTERFAT:                           1,900 - 2,100           

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