MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  March 31, 2016 (REPORT 13)                         

OCEANIA                                                          
INFORMATION GATHERED  03/21/2016 - 04/01/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):   

Whole milk powder prices are unchanged. The current pricing range is 
$525-$900 MT below the price range one year ago, $2,450-$3,100 MT. 
Observers note that futures contracts for WMP have been steady 
through the week, which is taken as a sign not only for WMP, but for 
other dairy commodities when light trading results in thin market 
signals. According to CLAL, the volume of the top WMP importer during 
January 2016, China, was 120,561 MT, up 52% from January 2015. New 
Zealand led all countries in global WMP exports during January 2016, 
exporting 146,291 MT, up 6% from January 2015. Australia ranked third 
during January 2016, exporting 5,276 MT, up 9%. Dairy Australia 
reports that January 2016 WMP production in Australia was 30.2% 
higher than January a year earlier. WMP is a fundamental dairy export 
for the region. Higher January exports are a welcome indicator in the 
abstract, but higher production somewhat nullifies the joy of higher 
sales.                                                                                            
                                                                 
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