MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  July 21, 2016 (REPORT 29)                          

OCEANIA                                                          
INFORMATION GATHERED  07/11/2016 - 07/22/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP): 

Whole milk powder prices increased slightly at the 
bottom of the price range but remained unchanged at 
the top. At GDT Event 168 on July 19, the all 
contracts WMP price increased 1.9% while the August 
contract decreased 14%. The all contract price is 
viewed as more influential on current market pricing 
due to the relatively small volume of products 
represented by the August contract. The volume of 
Australian whole milk powder exports July 2015-May 
2016 increased 6.5% compared with one year earlier, 
according to Dairy Australia. The value increased 
73.8%. Australian WMP production year to date through 
April declined 22.7% from the prior year. New Zealand 
whole milk powder exports January-May 2016 decreased 
5.8% from the same period of 2015 according to 
Eucolait. The top three export destinations and 
percentage of total exports are: China, 26.9%; 
Algeria, 8.7%; and UAE, 8.5%.
                                                                                                        
26% BUTTERFAT:                           2,125 - 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