MD_DA127 DA MD DA127 Whole Milk Powder - Oceania MADISON, WI. September 28, 2017 (REPORT 39) OCEANIA INFORMATION GATHERED 09/18/2017 - 09/29/2017 U.S. DOLLARS PER METRIC TON, FOB PORT WHOLE MILK POWDER (WMP): Whole milk powder prices in Oceania firmed, particularly near term deliveries. There has been concern as to a wetter than normal spring in in New Zealand which resulted in lower expectations for seasonal milk production. This is referenced as a factor helping to strengthen near term WMP prices. January-July Australia WMP exports, 29,405 MT, declined 22.1 percent from the same period one year earlier, according to Eucolait. The range of monthly percentage changes in cumulative export volumes varies from -22.1 percent in July, to +14.6 percent in February. Export volumes and primary destinations are shown in the following table: Australia WMP Exports Main Three Destinations January-July 2017 Destination Quantity(MT) Percent of Total China 6,841 22.2 Sri Lanka 4,909 15.9 Singapore 4,136 13.4 At GDT Event 196 on September 19, the WMP all contracts price, $3,122, increased 0.6 percent. The October contract, $3,235, increased 5.0 percent. There was an increase in volumes of WMP offered compared with prior expectations. Much of the added volumes went into the November contract. 26% BUTTERFAT: 3,100 - 3,250 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