MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  June 22, 2017 (REPORT 25)                          

OCEANIA                                                          
INFORMATION GATHERED  06/12/2017 - 06/23/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):   

       Whole milk powder prices in Oceania are slightly weaker. Many 
observers had not expected this, but with prices remaining relatively 
strong over the span of 2016 and 2017, this small dip is not causing 
much anxiety. It is viewed as more of a trading range movement. Many 
observers believe the  milk season in New Zealand ended stronger than 
recently expected, which in turn supported higher WMP production than 
expected. WMP has been selling regularly during recent months. With 
many buyers comfortably stocked, some buyers took a step back for 
breath this period.
       This year, January-April, Australia WMP exports show a 7.6 
percent decline 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-April 2017 
 
Destination     Quantity(MT)   % of Total  
China             4,009          21.5% 
Sri Lanka         3,447          18.5% 
Singapore         2,633          14.1%

       At GDT Event 190 on June 20, the WMP all contracts price 
decreased 3.3%.
                                      
                                                                 
26% BUTTERFAT:                           3,050 - 3,200           
                                                                                                
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