MD_DA127 Whole Milk Powder - Oceania Report 21 - Released on May 25, 2023 Oceania whole milk powder (WMP) prices are stable, while contacts indicate the market is expected to rise. At GDT event 332, markets saw the WMP price ease higher, 0.3 percent. Interest from North Asia led overall demand, although purchases decreased compared to the previous GDT event. Meanwhile, South/Central America increased their purchases. It appears WMP buyers are purchasing primarily what they need in the near term. Oceania WMP production is declining with the seasonal falloff in available milk supply as multiple production challenges factor into output. The market tone is steady. Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Whole Milk Powder Price Range - 26% Butterfat; $/MT: 3,175 - 3,325 Information for the period May 15 - 26, 2023, issued biweekly Secondary Sourced Information: GLOBAL DAIRY TRADE At GDT event 332 on May 16, 2023, the WMP all contracts price, $3,244 increased 0.3 percent. The June contract, $3,223, is unchanged. 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