MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  September 29, 2016 (REPORT 39)                     

OCEANIA                                                          
INFORMATION GATHERED  09/19/2016 - 09/30/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  

Prices for whole milk powder in Oceania slightly increased at 
each end of the price range. The increases keep Oceania WMP 
prices at the highest level of 2016. Manufacturers expect 
continuing price strength into the Fall. 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%. GDT event 172 on September 20 yielded WMP prices 
for the October 2016 contract up 4.5% and for all contracts down 
0.2%.
                                                                                                       
26% BUTTERFAT:                           2,800 - 2,975 

930c Eric.Graf@ams.usda.gov 
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