MD_DA126

     Skim Milk Powder - Oceania

     Report 1 - Released on January 02, 2020

     Oceania skim milk powder prices are unchanged. Light trading occurred due to most traders
     taking December holiday time off. Most buyers have completed Q1 2020 contracting. There is
     little interest in new current delivery sales. Manufacturers are focused on filling orders
     for coming months. Global demand remains good. The GDT is also in a three-week gap between
     events.
     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,800 - 2,950


     Information for the period December 23, 2019 -  January 3, 2020, issued biweekly

     Secondary Sourced Information:

     SMP exports from New Zealand January – November this year are 6.5 percent higher than the
     same period last year, according to CLAL data made available to USDA.
     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