Skim Milk Powder - Oceania
MD_DA126

     Skim Milk Powder - Oceania

     Report 41 - Released on October 11, 2018

     Skim milk powder prices in Oceania are mixed, up slightly at the lower end of the price
     range, but lower at the top. More milk has begun flowing to SMP dryers in the region as a
     percentage of available milk for manufacturing. There is also more milk than had been
     expected. The market overall is generally calm as it is still early in the season and there
     is plenty of SMP available for interested buyers. Contracting is moving ahead but not with
     any real sense of urgency among buyers.
     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   1,950 - 2,100


     Information for the period October 1 - 12, 2018, issued biweekly

     Secondary Sourced Information:

     SMP exports from New Zealand January-August this year were down 10.2 percent from January-
     August 2017, according to CLAL. For the top three export destinations the table below shows
     the country percent change comparing January-August 2018 with 2017 (CLAL data).

                       New Zealand SMP Exports

                      % Change
     Destination      Jan.-Aug. 2018/2017
     China            -16.9
     Malaysia         -3.6
     Philippines      -4.6

     SMP exports from Australia January-August this year were down 6.0 percent from January-
     August 2017, according to CLAL. For the top three export destinations the table below shows
     the country percent change comparing January-August 2018 with 2017 (CLAL data).

                      Australia SMP Exports

                      % Change
     Destination      Jan.-Aug. 2018/2017
     Indonesia        -10.8
     China             -5.8
     Malaysia         -37.3

     At GDT event 221 on October 2, the SMP all contracts price, $1,982, decreased 0.3 percent.
     The November contract price, $2,118, declined 3.6 percent. The current SMP all contracts
     price is 1.2 percent higher than event 216 on July 17.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: eric.graf@ams.usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: http://www.ams.usda.gov/market-news/dairy
     DMN Database Portal: http://www.marketnews.usda.gov/mnp/da-home