Skim Milk Powder - Oceania
USDA - Thu Nov 09, 9:19AM CST
MD_DA126                                                         
DA                                                               
MD DA126 Skim Milk Powder - Oceania                              

MADISON, WI.  November 09, 2017 (REPORT 45)                      

OCEANIA                                                          
INFORMATION GATHERED  10/30/2017 - 11/10/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):   

	Skim milk powder prices in Oceania are steady to lower. This 
follows recent regional and global trends. Large stocks of SMP 
continue to be a driving factor. This remains a buyer market.
       January-September NZ SMP exports, 259,594 MT, decreased 15.7 
percent from the same period one year earlier, according to Eucolait. 
The range of monthly percentage changes in cumulative export volumes 
varies from -22.9 percent in February, to -7.9 percent in January. 
Export volumes and primary destinations are shown in the following 
table:

                           NZ SMP Exports
                           Main Three Destinations 
                           January-September 2017 
 
Destination                Quantity(MT)   Percent of Total  
China                      76,437                29.4 
Malaysia                   25,652                10.0             
Philippines                19,643                 7.6  

       January-September Australia SMP exports, 104,780 MT, decreased 
0.9 percent from the same period one year earlier, according to 
Eucolait. The range of monthly percentage changes in cumulative 
export volumes varies from -24.5 percent in April, to -0.8 percent in 
July. Export volumes and primary destinations are shown in the 
following table:

                                                                          Australia SMP Exports
                           Main Three Destinations 
                           January-September 2017 
 
Destination                Quantity(MT)   Percent of Total  
Indonesia                  23,161                21.8 
China                      22,685                21.3        
Malaysia                   13,983                13.2


       January-September China SMP imports, 201,043 MT, increased 32.2 
percent from the same period one year earlier, according to Eucolait. 
New Zealand and Australia are the top two origins for Chine SMP 
imports. The range of monthly percentage changes in cumulative import 
volumes varies from -2.0 percent in January, to +32.2 percent in 
September. Import volumes and primary origins are shown in the 
following table:
           
                            China SMP Imports
                            Main Three Origins
                            January-September 2017 
 
Origin                      Quantity(MT)   Percent of Total  
New Zealand                 95,080                47.3
Australia                   25,832                12.9
USA                         20,799                10.4

       At GDT Event 199 on November 7, the SMP all contracts price, 
$1,818, increased 1.2 percent. The December contract, $1,851, 
decreased 0.5 percent. 
                                                                 
1.25% BUTTERFAT:                         1,750 - 1,850        

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-
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