MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  March 17, 2016 (REPORT 11)                         

OCEANIA                                                          
INFORMATION GATHERED  03/07/2016 - 03/18/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):    

Current pricing of whole milk powder increased slightly at each end 
of the price range, moving closer to prices in Western Europe. The 
upper end price strength also reflects buyer preferences for WMP from 
certain manufacturers meeting quality parameters important to certain 
buyers. At the March 15 GDT event 160, whole milk powder for all 
regions and contracting periods averaged $1,971 per MT, -0.8%. For 
the May 16 contract period, prices averaged $1,944, -1.0% from the 
prior event. Dairy Australia reports that the volume of January 2016 
whole milk powder exports was 0.9% higher than the same period of 
2015. Also, the value of January 2016 WMP exports was 59.8% higher 
than the prior year. Current production is steady.
                                                                                                    
26% BUTTERFAT:                           1,925 - 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