MD_DA127

     Whole Milk Powder - Oceania

     Report 1 - Released on January 02, 2020

     Prices for whole milk powder in Oceania are steady. Generally inactive trading interest
     during December holidays is what left prices steady. Customers are stocked for current
     needs. Most Q1 2020 contracts are finalized. While WMP production is seasonally active,
     current production is needed to build stocks to meet demand when seasonal milk production
     declines further. Manufacturers are attempting to send as much extra milk as they can to WMP
     production. The GDT is in a three-week gap between events.
     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,075 - 3,175


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

     Secondary Sourced Information:

     WMP exports from New Zealand January – November this year are 15.5 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