MD_DA127

     Whole Milk Powder - Oceania

     Report 3 - Released on January 21, 2021


     In Oceania the whole milk powder price range strengthened. Manufacturers are very pleased
     with how 2021 has opened. Many manufacturers and buyers expect pricing to remain near the
     current level at for several months.  Some sources note that increased contracting has
     reduce volumes expected to be offered at GDT events. Seasonal milk intakes available to make
     WMP will be progressively lower through the season. Competition for milk going to butter and
     SMP remain a factor. Export business is very active and expected to remain so. This general
     situation is expected to continue in coming weeks and months.

     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Whole
     Milk Powder
     Price Range - 26% Butterfat; $/MT:                     3,350 - 3,400


     Information for the period January 11 - 22, 2021, issued biweekly

     Secondary Sourced Information:


     WMP exports from Australia January – November 2020, 33,000 MT, decreased 12.6 percent from
     January – November 2019, according to CLAL data made available to USDA. The main export
     destinations January - November 2020, quantities, and percent change YTD, were China,
     17,928 MT, -4.79 percent; Thailand, 4,159 MT, -17.37 percent; and Singapore, 2,423 MT,
     -22.99 percent.

     At GDT event 276 on January 19, 2021, the WMP all contracts price, $3,380, increased 2.2
     percent. The February contract, $3,366, increased 2.1 percent.


     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@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