MD_DA127 Whole Milk Powder - Oceania Report 11 - Released on March 16, 2023 The Oceania whole milk powder (WMP) price is steady on the bottom of the price range, but lower on the top, following the outcome of GDT event 327. The event saw an ease in demand from Middle East, Southeast and European buyers. North Asian buyers bought the most WMP at this auction. The volumes offered were lower than the previous event. Prices are expected to remain steady in the near-term, but prices are projected to increase slightly, later in the year. Meanwhile, Oceania WMP output is steady, around available milk supplies. Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Whole Milk Powder Price Range - 26% Butterfat; $/MT: 3,225 - 3,300 Information for the period March 6 - 17, 2023, issued biweekly Secondary Sourced Information: GLOBAL DAIRY TRADE At GDT event 327 on March 7, 2023, the WMP all contracts price, $3,277, increased 0.2 percent. The April contract, $3,267, increased 0.4 percent. Published by: Dairy Market News - Madison, WI DANIEL JOHNSON, 608-422-8605 Email: daniel.johnson4@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