MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  March 02, 2017 (REPORT 9)                          

OCEANIA                                                          
INFORMATION GATHERED  02/20/2017 - 03/03/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  

Whole milk powder prices in Oceania weakened at the top of the 
price range but remained unchanged at the bottom. There is 
discussion focusing on possibly higher milk production ahead in 
New Zealand than has been forecast. Some potential buyers have 
become wary of potential price weakness ahead, and have slowed 
purchases as a result. Another factor is increased efforts by 
European manufacturers to enter some WMP markets with WMP priced 
slightly below prevailing Oceania prices.

Australia WMP exports during 2016, 65,790 MT, were 4.9% higher 
than during 2015 according to Eucolait. Main destinations were 
China, 19.0%; Sri Lanka, 17.0%; and Singapore, 12.7%.

New Zealand WMP exports during 2016, 1,362,047 MT, were 0.7% 
lower than during 2015. Main destinations were China, 28.9%; 
Algeria, 12.4%; and UAE, 7.3%.

At GDT Event 182 on February 21, the WMP all contracts price 
declined 3.7% and the March contract price decreased 4.9%. 

                                                                
26% BUTTERFAT:                           3,200 - 3,375           


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