MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  December 22, 2016 (REPORT 51)                      


OCEANIA                                                          
INFORMATION GATHERED  12/12/2016 - 12/23/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT  

WHOLE MILK POWDER (WMP): 
     
Whole milk powder prices in Oceania are steady this week, 
remaining at the highest level of 2016. WMP is a favored use of 
milk in the region. Volumes of WMP exports from Australia July-
October this year increased 49.6% from the same period last year 
according to Dairy Australia. The value of WMP exports this year 
is 62.9% above last year. However, there has been recent slowing of 
export volumes from New Zealand to some customers in Africa and the 
Middle East, which is believed to be related to volumes of milk 
available. Nevertheless, previously planned offerings of WMP 
available at this week's GDT event were increased. Some 
observers believe this resulted in more product being available 
than demand was prepared for. As a result, at GDT Event 178 on 
December 20, 2016, the all contracts WMP price declined 0.8% while 
the January contract price percentage change was 0.0%.

26% BUTTERFAT:                           3,050 - 3,500           

0930c 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