MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  August 31, 2017 (REPORT 35)                        

OCEANIA                                                          
INFORMATION GATHERED  08/21/2017 - 09/01/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):   

       Whole milk powder prices in Oceania are down a bit. This is 
viewed as more of a trading fluctuation than a trend. In fact, with 
China being the major customer for New Zealand WMP and with China's 
imports up, many observers feel that China may continue to be a 
strong buyer during coming months, which would be expected to 
contribute to price strength looking ahead. 
       New Zealand WMP exports January-July, 790,000 MT, increased 2.7 
percent from the same period last year, according to CLAL.
       China, typically the largest WMP importer from Oceania (two of 
the top three origin countries), has increased the pace of WMP 
imports this year. January-July, China WMP imports, 334,633 MT, 
increased 5.8 percent from the same period one year earlier, 
according to Eucolait. January-July, the range of monthly percentage 
changes year to date in cumulative import volumes vary from -10.0 
percent in January, to +5.8 percent in July. 
     Import volumes and primary origins are shown in the following 
table:
 
                         China WMP Imports
                         Main Three Origins 
                         January-July 2017 
 
Origin                   Quantity (MT)   Percent of Total  
New Zealand              318,121          95.1 
France                     5,915           1.8 
Australia                  5,092           1.5
 
       There are no GDT event results this week as this is one of the 
occasional periods with three weeks between events. The next event 
will be September 5.

26% BUTTERFAT:                           3,050 - 3,175           

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