MD_DA127

     Whole Milk Powder - Oceania

     Report 45 - Released on November 07, 2019

     Whole milk powder prices in Oceania increased. Markets are firm. Current pricing is
     pleasingly higher for manufacturers than prices one year ago. Drying schedules are still
     very active. Most WMP plants are accepting as much milk as they can obtain.

     The general expectation is for WMP prices to hold near current pricing for several months.
     Production will be easing back from peak levels, but demand remains very good. Export
     interest continues to lead to new contracting. WMP is a significant dairy product in the mix
     of Oceania sales.
     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 October 28 -  November 8, 2019, issued biweekly

     Secondary Sourced Information:

     At GDT event 247 on November 5, the WMP all contracts price, $3,254, increased 3.6 percent.
     The December contract, $3,276, decreased 0.6 percent.

     WMP exports from New Zealand January - September 2019, 1,015,000 MT, were up 15.0 percent
     from January - September 2018, according to CLAL data made available to USDA.
     Published by:
     Dairy Market News - Madison, WI
     Eric K. 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