MD_DA127

     Whole Milk Powder - Oceania

     Report 39 - Released on September 26, 2019

     Whole milk powder prices in Oceania are stronger. Some buyers are looking harder for near
     term deliveries which are available, but not as much for deliveries in coming months. There
     is also more widespread steady activity finalizing contracts through Q4. With seasonal milk
     production nearing the high, most WMP plants are producing good volumes of WMP.

     With pricing expected to remain in a generally steady range, buyers are making deals as they
     are motivated or need supplies. Manufacturers are happy to close deals. Export interest is
     very active. Contracts are being finalized. Many discussions are ongoing.
     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,100 - 3,250


     Information for the period September 16 - 27, 2019, issued biweekly

     Secondary Sourced Information:

     This week Dairy Australia released final manufactured dairy product data for the July 2018
     ± June 2019 season. WMP production, 47,534 MT, was 42.2 percent lower than the previous
     season. Production every month except one was lower than the corresponding month of the
     previous season.

     At GDT event 244 on September 17, the WMP all contracts price, $3,133, increased 1.9
     percent.
     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