MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  July 20, 2017 (REPORT 29)                          

OCEANIA                                                          
INFORMATION GATHERED  07/10/2017 - 07/21/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  

       Oceania whole milk powder prices firmed slightly. For the 
immediate future, possibly the season, prices are not expected to 
vary significantly from current levels. Buyers and sellers feel there 
is some room to jostle a bit in finalizing transactions. 
This year January-May, Australia WMP exports, 23,092 MT, are 16.6 
percent below the same period one year earlier, according to 
Eucolait. January-May, the range of percentage changes year to date 
in cumulative export volumes is from -16.6 percent in May, to +19.2 
percent in February.
       Export volumes and primary destinations are shown in the 
following table:

  		 Australia WMP Exports
		 Main Three Destinations 
		 January-May 2017 
 
Destination     Quantity(MT)   Percent of Total  
China            4,326         19.6 
Sri Lanka        3,900         17.7 
Singapore        3,370         15.3

China, historically a significant WMP importer from Oceania (two of 
the top three origin countries), has slowed WMP imports this year. 
January-May, China WMP imports, 252,156 MT, declined 4.8 percent from 
the same period one year earlier, according to Eucolait. January-May, 
the range of percentage changes year to date in cumulative export 
volumes is from -10.0 percent in January, to +4.1 percent in 
February. 
       Import volumes and primary origins are shown in the following 
table:

  		 China WMP Imports
		 Main Three Origins 
		 January-May 2017 
 
Origin            Quantity(MT)   Percent of Total  
New Zealand       239,315         94.9 
France              5,620         2.2 
Australia           3,660         1.5

       At GDT Event 192 on July 18, the WMP all contracts price 
increased 0.3 percent.

26% BUTTERFAT:                           3,125 - 3,275           
                                                                                                
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