Whole Milk Powder - Oceania
USDA - Thu Dec 07, 9:34AM CST
MD_DA127                                                         
DA                                                               
MD DA127 Whole Milk Powder - Oceania                             

MADISON, WI.  December 07, 2017 (REPORT 49)                      

OCEANIA                                                          
INFORMATION GATHERED  11/27/2017 - 12/08/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):  

	Whole milk prices in Oceania are mixed, slightly higher at the 
bottom of the price range but weaker at the top. 
	At GDT Event 201 on December 5, the WMP all contracts price, 
$2,830, increased 1.7 percent. The January contract, $2,829, 
decreased 1.6 percent. It is thought that the January contract 
weakness reflects buyers generally being covered in the short term. 
The price increases beginning with February through May contracts 
reflects buyers taking steps to be assured of having supplies. Recent 
early signs of dryness in New Zealand have left some cautious buyers 
less certain that milk production will stay ahead of year earlier 
volumes.
	Seasonal WMP production in Australia July-September, 17,343 MT, 
is 24.4 percent higher than the same period last year, according to 
Dairy Australia.
                                                                                                       
26% BUTTERFAT:                           2,800 - 2,875    


0930CT 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