MD_DA127

     Whole Milk Powder - Oceania

     Report 47 - Released on November 22, 2022

     This week, Oceania whole milk powder (WMP) price movement shifted upward on both ends of the
     range, following the outcome of GDT event 320. The demand for WMP is what drove the higher
     pricing, with reports indicating an increase in volumes of WMP available for trading.
     Current production and stocks in New Zealand are comfortable as a major portion of available
     milk channels into WMP production. There is increasing awareness of seasonal milk production
     having moved into seasonal decline. That has led some buyers to be fairly accepting to
     bidding prices higher. The market has a firm undertone.
     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,325 - 3,400


     Information for the period November 14 - 25, 2022, issued biweekly

     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