MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  August 03, 2017 (REPORT 31)                        

OCEANIA                                                          
INFORMATION GATHERED  07/24/2017 - 08/04/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP): 

	Whole milk powder prices in Oceania slightly firmed at the bottom 
of the price range but remained unchanged at the top. This keeps pricing 
near the high for 2016-2017. Nevertheless, pricing is lower than in 
Western Europe. Markets are believed to reflect buyers are showing more 
resistance to pricing increases, especially at the top of the price 
range.  
       This year January-June, New Zealand WMP exports, 687,035 MT, are 
0.1 percent below the same period one year earlier, according to 
Eucolait. January-June, the range of percentage changes year to date 
in cumulative export volumes ranges from -11.8 percent in January, to 
June's -0.1 percent.
       Export volumes and primary destinations are shown in the 
following table:

  		 New Zealand WMP Exports
		 Main Three Destinations 
		 January-June 2017 
 
Destination     Quantity(MT)   Percent of Total  
China            204,646         29.3 
Algeria           70,951         10.2 
UAE               56,168          8.1

       The Dairy Market News international monthly average price in 
dollars/metric ton for Oceania WMP prices in July, 2017, $3,192, 
compares with $2,215 one year earlier. 
       At GDT Event 193 on August 1, the WMP all contracts price 
increased 1.3 percent while the September contract declined 0.6 
percent.                               
                                                                                                        
26% BUTTERFAT:                           3,175 - 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