MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  February 02, 2017 (REPORT 5)                       

OCEANIA                                                          
INFORMATION GATHERED  01/23/2017 - 02/03/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):                                         
                                                                 

Whole milk powder prices in Oceania narrowed the price range, 
slightly firming at the bottom but slightly declining at the top. 
While overall trading of all dairy commodities has been at lower 
levels in the region, concerns about profitability have led to 
reducing WMP volumes produced so as to produce more skim milk powder. 
Making more WMP no longer seems to be an obvious choice. A reaction 
was to nudge lower range pricing higher, slightly closer to pricing 
in Western Europe. New Zealand WMP exports January-November 2016 were 
down 0.9% according to Eucolait. The main export destinations and 
percent of total WMP exports were: were China 24.9%; Algeria, 12.3%; 
and UAE, 7.8%. New Zealand, and to a lesser extent Australia, are 
among the main WMP exporting countries according to Global Trade 
Atlas. New Zealand exports multiples more kilotons than Australia. 
Imports of WMP by the main importing countries during January-
November 2016 compared with the same months of 2015, show the 
following percentage changes: China, +18%; Russia, +33%; Algeria, -
8%; Mexico, +81%; Japan, +52%; and United States, +53%.

26% BUTTERFAT:                           3,100 - 3,275           


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