MD_DA127

     Whole Milk Powder - Oceania

     Report 25 - Released on June 20, 2019

     Prices for whole milk powder in Oceania are weaker. WMP production is light at this time of
     year. Most buyers are stocked for near term needs as the production cycle is anticipated.
     Buyers noted unexpected increased WMP availability. That factor is attributed as a reason
     that prices moved lower.

     Current WMP production is focused on filling contracts. Many plants are intentionally
     producing less to be able to perform scheduled equipment maintenance in preparation for the
     new season. Individual plant efficiencies also lead to some plants reducing output when low
     milk volumes are available.
     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     2,975 - 3,025


     Information for the period June 10 - 21, 2019, issued biweekly

     Secondary Sourced Information:

     At GDT event 238 on June 18, the WMP all contracts price, $3,006, decreased 4.3 percent.
     The July contract, $3,009, decreased 4.7 percent.

     WMP exports from Australia January-April 2019, 14,000 MT, were down 41.9 percent from
     January-April 2018, according to CLAL data provided to USDA.

     WMP exports from New Zealand January-April 2019, 601,000 MT, were up 22.1 percent from
     January-April 2018, according to CLAL.
     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 (MyMarketNews): https://mymarketnews.ams.usda.gov/