MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  March 16, 2017 (REPORT 11)                         

OCEANIA                                                          
INFORMATION GATHERED  03/06/2017 - 03/17/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  

Oceania whole milk powder prices weakened significantly. 
However, market pricing has remained a bit stronger than GDT 
event prices. Even so, the unexpectedly weak magnitude of recent 
GDT price outcomes has been reflected in current market price 
declines. This reverses the previous situation where Oceania WMP 
pricing was a bit higher than in Europe. One observer of the 
last GDT event on March 7 characterized WMP prices as having 
more than plunged, having dived into the unknown. At GDT Event 
183 on March 7, the WMP all contracts price decreased 12.4% and 
the April contract price decreased 13.3%. 

Australian exports of WMP from July 2016-January 2017 increased 
33.3% from the same period one year earlier, according to Dairy 
Australia. The value of WMP exports compared with one year 
earlier increased 31.2%

The Dairy Market News February 2017 Oceania WMP monthly average 
price per metric ton was $3,279, compared with $2,008 one year 
earlier.

                                                                 
26% BUTTERFAT:                           2,825 - 3,100   

                                                                                                        
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