MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  May 25, 2017 (REPORT 21)                           

OCEANIA                                                          
INFORMATION GATHERED  05/15/2017 - 05/26/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            


WHOLE MILK POWDER (WMP):                                         
                                                                 
      Oceania whole milk powder prices are trending higher, as 
prices advanced at the top of the range. Some market sources 
attribute current price strength to seasonal impact. Reports 
indicate that offerings on some indices were at a seasonal low 
for the month of May. Customer contracts are being met on time.
                                        
      Australia exports of WMP year to date January-March 2017 
have grown 1.9% from the same period one year earlier, according 
to Eucolait. Export volumes and primary destinations are shown 
in the following table:
 
 			 Australia WMP Exports
			Main Three Destinations 
		   	  January-March 2017 
 
Destination  	Quantity(MT)   % of Total  
China		 2,801  		19.4% 
UAE	 		 2,522  		17.4% 
Algeria		 2,444  		16.9%
 

      At GDT Event 188 on May 16, the WMP all contracts price 
increased 1.3% and the June contract price increased 2.9%.                                        


26% BUTTERFAT:                           3,100 - 3,350           

                                                                                                     
0930c daniel.johnson@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