Oceania Dairy Market Overview

MADISON - Apr 2/15 - SNS -- The USDA published its latest review of dairy market conditions in Australia and New Zealand today.

OCEANIA OVERVIEW:
Australian weather has been favorable to milk production in most
dairy regions.  Expectations for full season growth in milk
production of 2% are voiced.  Dairy Australia reports that
February 2015 milk production in Australia was 2.8% above
February 2014.  The state changes from one year earlier are: New
South Wales, +5.4%; Victoria, +2.0%; Queensland, -5.4%; South
Australia, -0.6%; Western Australia, +4.8%; and Tasmania,
+11.3%.  According to Dairy Australia, production of various
dairy commodities for January 2015 showed the following
percentage changes compared to 2014: butter, +0.8%; butter oil,
+1.8%; skim  milk powder, +11.1%; whole milk powder, -31.9%;
buttermilk powder, -2.6%; cheese, +10.6%; and whey powder, -
5.4%.  Dairy Australia reports dairy product exports for the
July-January period totaling 427.4 thousand MT, up 0.7% from the
year ago period.  Various dairy product export value changes
compared to the same period last year are: butter, -25.0%;
butter oil, -1.9%; cheddar, -8.6%; SMP, +3.6%; WMP, -52.4% and
whey products +0.7%.
New Zealand's January milk production as reported by DCANZ was
2.5 million MT, up 0.3% from January 2014 and +7.8% from two
years previously. January milk solids reflect a -1.3% decrease
compared with January 2014.  At the April 1 GDT event #137,
average prices ranged from 25.1% lower to 5.3% lower from the
prior event across categories. The all contracts price averages
(US$ per MT) and percent changes from the previous average are:
anhydrous milk fat, $3,663 -5.3%; butter, $3,259 -7.6%;
buttermilk powder, $2,130 -25.1%; cheddar cheese, $2,787 -10.5%;
lactose, n.a.; rennet casein, $6,980 -8.0%; skim milk powder,
$2,467 -9.9%; sweet whey powder, n.a.; and whole milk powder,
$2,538 -13.3%.
0930C eric.graf@ams.usda.gov
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home

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