MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  October 13, 2016 (REPORT 41)                       

OCEANIA                                                          
INFORMATION GATHERED  10/03/2016 - 10/14/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):   

Oceania whole milk powder prices weakened at each end of the 
price range. Current buyer interest is not as strong as recent 
weeks, with ample stocks to meet demand. GDT event 173 on 
October 4 yielded WMP prices for the November 2016 contract down 
7.5% and for all contracts down 3.8%. The Dairy Market News 
September 2016 monthly average for Oceania WMP, $2,858/metric 
ton, is 20.7% above September 2015. New Zealand WMP exports 
January-August this year are 4.3% below the same period last 
year. Primary destinations and percent of total WMP exports are: 
China, 24.3%; Algeria, 9.6%; and UAE, 7.9%, according to 
Eucolait. Australian WMP exports July-August 2016 increased 
113.0% in volume from the same period of 2015. The value of 
those exports this year are 124.7% above last year, according to 
Dairy Australia.

26% BUTTERFAT:                           2,700 - 2,900     

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