MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  April 13, 2017 (REPORT 15)                         

OCEANIA                                                          
INFORMATION GATHERED  04/03/2017 - 04/14/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):       

	Oceania whole milk powder prices are mixed, but believed to 
be about to strengthen in coming days. The dip in prices is 
viewed as a slight adjustment in a strengthening trend. New 
Zealand futures trading in WMP earlier this week rallied, with 
very high volumes seeking supplies. Buyers this week have 
increasingly become attuned to the potential that recent rain in 
New Zealand will slow milk production heading into the end of 
the production season. This concern with lower volumes spiked 
interest in WMP as this week progressed. The market is now 
believed to be moving tighter.                                 
                                                                 
      Australian WMP , for the season through February, show 
higher sales revenue and volumes. Dairy Australia reports the 
data as follows:

Australia WMP Exports
WMP: July 2016-Feb. 2017
Quantity MT	% Change
61,262			+31.6%		
1,000 AUD		% Change
452,861		+29.8%
      The volumes of WMP offered at the April 4 Global Dairy 
Trade (GDT) Event was lower than the previous auction.
At GDT Event 185 on April 4, the WMP all contracts price 
increased 2.4% and the May contract price increased 3.2%.
      The March 2017 Dairy Market News international monthly 
average for Oceania WMP is $3,016, compared with $2,052 for 
March 2016.


26% BUTTERFAT:                           2,900 - 3,075     

                                                                                                        
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