MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  September 1, 2016 (REPORT 35)                        

OCEANIA                                                          
INFORMATION GATHERED  08/22/2016 - 09/02/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):   

Whole milk powder prices firmed at the top of the price range. 
Firming is seen in coming weeks. With milk production at a low point 
in the annual cycle, production of WMP is lower and most current 
production is already committed. Following the significant price 
uptick during the last GDT session, some buyers were hopeful that 
prices would not sustain the higher equilibrium. Manufacturers are 
pleased that the higher prices have been sustained over the last two 
weeks, especially with the next GDT session not scheduled until next 
week. As of now, futures markets are viewed as showing continuing 
price strength. New Zealand WMP exports January-July 2016 decreased 
3.6% from the same period of 2015 according to Eucolait. The top 
three export destinations and percentage of total exports are: China, 
25.2%; Algeria, 9.5%; and UAE, 8.0%.
                                                                                                       
26% BUTTERFAT:                           2,600 - 2,900   

930c 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