MD_DA127 DA MD DA127 Whole Milk Powder - Oceania MADISON, WI. September 14, 2017 (REPORT 37) OCEANIA INFORMATION GATHERED 09/04/2017 - 09/15/2017 U.S. DOLLARS PER METRIC TON, FOB PORT WHOLE MILK POWDER (WMP): Whole milk powder prices in Oceania are weaker. Although only a slight weakness, some observers are surprised as weaker prices two weeks ago were viewed as temporary. Nevertheless price negotiations moving forward over the next few months currently point toward present thinking that prices will move slightly lower into fall. Of course, this could all reverse quickly. Positive signs of higher milk production in New Zealand in the near term have given rise to some cautions among buyers as to potential volumes of WMP that will become available. January-July, the range of percentage changes year to date in cumulative New Zealand whole milk powder export volumes vary from -10.4 percent in January, to July's +2.8 percent. Export volumes and primary destinations are shown in the following table: New Zealand Whole Milk Powder Exports Main Three Destinations January-July 2017 Destination Quantity(MT) Percent of Total China 234,334 29.7 Algeria 76,078 9.6 UAE 65,676 8.3 At GDT Event 195 on September 5, the WMP all contracts price, $3,100, decreased 1.6 percent. 26% BUTTERFAT: 3,050 - 3,125 0930c mike.bandli@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