MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  July 07, 2016 (REPORT 27)                          

OCEANIA                                                          
INFORMATION GATHERED  06/27/2016 - 07/08/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):    

Whole milk powder prices strengthened at both ends of 
the price range as buyers act to secure current 
deliveries. At GDT Event 167 on June 15, WMP prices 
increased 15.4% for the August contract but declined 
1.6% for all contracts. All contract periods recorded 
negative price changes except August, which was 
considered to have a low level of offerings. Some 
observers feel that the slightly negative percentage 
change of the all contract price (and negative 
September-October-November-December-January changes) 
are more significant price predictors going forward, 
than the significantly positive August contract 
percentage change. Nevertheless, currently buyers are 
accepting higher prices. WMP production in Australia 
January-April 2016 is 22.7% below the same period of 
last year according to Dairy Australia. April 2016 
production is 62.2% below April last year.

26% BUTTERFAT:                           2,100 - 2,300           



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