Whole Milk Powder - Oceania

     Whole Milk Powder - Oceania

     Report 37 - Released on September 12, 2019

     Oceania whole milk powder prices are a bit lower. New Zealand observers do not expect much
     price movement either way, at least not until final September or October production data
     becomes available. New Zealand seasonal milk production typically peaks in early October.

     With Australia prioritizing sending available milk into SMP and butter production, at the
     expense of WMP, New Zealand remains the primary focus of Oceania WMP activity.
     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,025 - 3,225

     Information for the period September 2 - 13, 2019, issued biweekly

     Secondary Sourced Information:

     WMP exports from Australia January - July 2019, 26,000 MT, were down 30.2 percent from
     January - July 2018, according to CLAL.

     The table below shows the top export destinations and country percent change comparing
     January - July 2019 with January - July 2018.

           JANUARY - JULY 2019

                           % CHANGE
     DESTINATION           2019/2018    MT

     China                 -15          11,282
     Thailand              -39           4,260
     Singapore             -27           2,006

     At GDT event 243 on September 3, the WMP all contracts price, $3,076, decreased 0.8
     percent. The September contract, $3,203, decreased 0.8 percent.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov