Skim Milk Powder - Oceania

     Skim Milk Powder - Oceania

     Report 49 - Released on December 06, 2018

     Oceania skim milk powder prices this period are steady at the low end of the price range but
     lower at the top. Demand is weaker near-term but firming moving past January.

      SMP production in Oceania is active to strong. Stocks are increasing. Customers for
     regional SMP production are getting deliveries in a timely way. Many contracts for Q1 2019
     have been inked.
     Prices for: Oceania, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   1,925 - 2,025

     Information for the period November 26 -  December 7, 2018, issued biweekly

     Secondary Sourced Information:

     SMP exports from New Zealand January-September this year were down 13.7 percent from
     January-October 2017, according to CLAL. The table below shows top export destination
     country percent change comparing January-October 2018 with 2017.

                       NEW ZEALAND SMP EXPORTS

                           % Change
     Destination           Jan.-Oct. 2018/2017
     China                 -14.9
     Malaysia               -7.1
     Philippines            -5.7

     At GDT event 225 on December 4, the SMP all contracts price, $1,970, increased 0.3 percent.
     The January contract price, $1,984, decreased 5.2 percent.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
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