MD_DA127

     Whole Milk Powder - Oceania

     Report 11 - Released on March 16, 2023

     The Oceania whole milk powder (WMP) price is steady on the bottom of the price range, but
     lower on the top, following the outcome of GDT event 327. The event saw an ease in demand
     from Middle East, Southeast and European buyers. North Asian buyers bought the most WMP at
     this auction. The volumes offered were lower than the previous event. Prices are expected to
     remain steady in the near-term, but prices are projected to increase slightly, later in the
     year. Meanwhile, Oceania WMP output is steady, around available milk supplies.


     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,225 - 3,300


     Information for the period March 6 - 17, 2023, issued biweekly

     Secondary Sourced Information:

     GLOBAL DAIRY TRADE
     At GDT event 327 on March 7, 2023, the WMP all contracts price, $3,277, increased 0.2
     percent. The April contract, $3,267, increased 0.4 percent.

     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