MD_DA127

     Whole Milk Powder - Oceania

     Report 41 - Released on October 12, 2023

NOTICE: After October 16, 2023, all information found on this report will transition to a new PDF format. 
The same data will be collected and disseminated through AMS Marketing Analysis and Reporting 
Services (MARS) platform. The new pdf report can be accessed on the AMS website at:
https://www.ams.usda.gov/mnreports/ams_1039.pdf


     Oceania whole milk powder (WMP) prices are higher at each end of the price range, as the GDT
     price index increased by 4.8 percent. Current buying interest is good, with ample stocks to
     meet an increase in demand. Sources note that buyers are making purchases to add to their
     supplies, with the expectation prices will move higher. WMP prices lifted for contracts 1-5
     at GDT event 341. The primary destination of WMP purchased was North Asia. Their purchases
     exceeded those of other buyers. Production is active with recent seasonal upticks in the New
     Zealand milk output. Inventories are adequate for contract customers and some spot load
     sales. The market is expected to remain stable in the near-term.
     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     2,875 - 2,975


     Information for the period October 2 - 13, 2023, issued biweekly

     Secondary Sourced Information:

     GLOBAL DAIRY TRADE
     At GDT event 341 on October 3, 2023, the WMP all contracts price, $2,931, increased 4.8
     percent. The November contract, $2,934, increased 5.2 percent.

     EXPORT
     New Zealand WMP exports during January-August 2023, 856,000 MT, increased 0.9 percent from
     the previous year, according to CLAL data made available to USDA.

     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