MD_DA127

     Whole Milk Powder - Oceania

     Report 29 - Released on July 22, 2021

     Oceania whole milk powder prices moved lower at both ends of the price range. While market
     observers had hoped the shift in offered volumes of WMP on the GDT would stabilize prices on
     the event, contract prices marched lower for the seventh event in a row. Prices from
     manufacturers also indicated weaker market conditions. Analysts attribute the decrease in
     WMP prices to the seasonal slowdown of market demand and an increase of market uncertainty
     brought about by increasing Delta variant COVID cases across the region.


     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,725 - 4,000


     Information for the period July 12 - 23, 2021, issued biweekly

     Secondary Sourced Information:

     At GDT event 288 on July 20, 2021, the WMP all contracts price, $3,730, decreased 3.8
     percent. The August contract, $3,998, decreased 3.0 percent.

     July 2020 – May 2021 WMP exports from Australia 47,808 MT, increased 13.3 percent from July
     2019 – May 2020, according to Dairy Australia.


     Published by:
     Dairy Market News - Madison, WI
     MIKE BANDLI, (608)422-8592
     Email: mike.bandli@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