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Fyinfo Prices are certainly going sky high These are all USD /MT FOB
February 03, 2011 (REPORT 5)
OCEANIA
INFORMATION GATHERED 01/24/2011 - 02/04/2011
U.S. DOLLARS PER METRIC TON, FOB PORT
BUTTER: Oceania butter markets and prices are firm. Butterfat continues to
be limited, thus current declining butter production is basically fully
committed. Oceania traders and handlers are stating that new buyer interest
is occurring. For most of this inquiry, stocks are unavailable as most of
Oceania's production has previously been committed to ongoing customer needs.
At the February 1 g/DT event, anhydrous milk fat averaged $6,486 per MT, 9.2%
higher than the previous event for all three contracting periods. The three
contracting period averages and percentage changes from the previous event
are: contract period 1 (April) averaged $6,369, +7.4%; contract 2 (May -
July) $6,581, +11.5%; and contract 3 (August - October), $6,622, +8.1%
82% BUTTERFAT: 4,500 - 5,200 February 03, 2011 (REPORT 5)
OCEANIA
INFORMATION GATHERED 01/24/2011 - 02/04/2011
U.S. DOLLARS PER METRIC TON, FOB PORT
SKIM MILK POWDER (SMP): Oceania skim milk powder markets and prices are
firm. At the recent g/DT event, skim powder averaged $3,913, +8.5% from the
previous event average for all contracting periods. The average price and
percentage change from the previous event are: contract 1 (April), $3,782,
+5.0%; contract 2, (May - July) $3,967, +11.8%; and contract 3, (August -
October) $4,095, +11.7%. Oceania traders and handlers were surprised at the
strength that the skim powder market has. Traders are stating that new buyer
interest is occurring, but Oceania supplies are very limited for this buyer
interest.
1.25% BUTTERFAT: 3,500 - 4,100
February 03, 2011 (REPORT 5)
OCEANIA
INFORMATION GATHERED 01/24/2011 - 02/04/2011
U.S. DOLLARS PER METRIC TON, FOB PORT
WHOLE MILK POWDER (WMP): Whole milk powder markets and prices are firm. New
international buyer interest is occurring, although whole powder stocks are
limited for this buyer interest. Some traders are stating that the comment
tone of some potential buyers is desperation. International supply is
limited and buyers are reaching to any potential supply source for needed
volumes. At the February 1 g/DT event, whole milk powder prices averaged
$3,995 per MT, +5.7% from the previous event average. Near term contract
period 1 (April) averaged $3,974, +7.6%; contract period 2, (May - July),
$4,035, 5.5%; and contract 3, (August - October), $3,987, +0.5%.
26% BUTTERFAT: 3,975 - 4,200 February 03, 2011 (REPORT 5)
OCEANIA
INFORMATION GATHERED 01/24/2011 - 02/04/2011
U.S. DOLLARS PER METRIC TON, FOB PORT
CHEDDAR CHEESE: Oceania cheese markets and prices are generally holding
steady. Traders and handlers are stating that cheese demand is basically
centered around ongoing customer needs, although new buyer interest is
occurring. Traders indicate that buyers are reaching to any potential supply
source for much needed volumes. Cheese volumes are not overly excessive,
thus much of this buyer interest is going unfilled from this region.
39% MAXIMUM MOISTURE: 4,300 - 4,500
01/24/2011 - 02/04/2011
U.S. DOLLARS PER METRIC TON, FOB PORT
WESTERN EUROPE
BUTTER/BUTTEROIL: European butter markets and prices are firm. Stocks of
butter are very limited and suppliers are not able to fulfill strong demand.
Up to this point, butter producers have been limiting sales activity to
domestic needs with international inquiries going unfilled. The new milk
production season is just starting to show signs of increases with churning
activity remaining light. At the February 3 European Dairy Commission
meeting in Brussels, the PSA program for butter was discussed and will
open on March 1. Butter offered into this program must be no older
than 28 days at that time and must remain in the program for six
months and then is available for removal. European butter producers
feel that butter volumes will clear to the program early on in the
open period as manufacturers like to warehouse various seasonal
volumes of butter production, at this time "winter butter", to be
brought out later in the year.
82% BUTTERFAT: 5,250 - 5,500
99% BUTTERFAT: 5,950 - 6,300
February 03, 2011 (REPORT 5)
WESTERN EUROPE
INFORMATION GATHERED 01/24/2011 - 02/04/2011
U.S. DOLLARS PER METRIC TON, FOB PORT
SKIM MILK POWDER (SMP): European skim milk powder markets are firm.
Prices have firmed significantly during the past two weeks. Stocks
are limited for strong domestic and international buyer interest.
At this time, much of current buyer interest is going unfilled as
carryover stocks from last season and new production are limited.
The new milk production season is just getting underway, thus near
term shipments are very limited with April/May shipments more
available. At the February 3 European Dairy Commission meeting,
16,016 MT of intervention skim milk powder was sold at a minimum bid
of 2,400 Euros per ton ($3,311). Total bids submitted were for
51,000 MT with a bid range of 2,200 - 2,500 Euros per MT. With this
sale, there are about 66,000 MT of intervention powder unsold.
1.25% BUTTERFAT: 3,500 - 4,000
February 03, 2011 (REPORT 5)
WESTERN EUROPE
INFORMATION GATHERED 01/24/2011 - 02/04/2011
U.S. DOLLARS PER METRIC TON, FOB PORT
WHOLE MILK POWDER (WMP): Whole milk powder markets and prices are firm.
Supplies are limited, especially for near term shipments, for strong buyer
interest. Traders and handlers are stating that a tone of desperation on the
part of potential buyers is being felt. More international buyers are
entering the marketplace on a daily basis. Limited supplies throughout the
world are causing potential buyers to look at all possible sources for
potential near term and future supplies. There are a number of open milk
powder tenders at this time.
26% BUTTERFAT: 4,500 - 4,750
February 03, 2011 (REPORT 5)
WESTERN EUROPE
INFORMATION GATHERED 01/24/2011 - 02/04/2011
U.S. DOLLARS PER METRIC TON, FOB PORT
SWEET WHEY POWDER: Edible whey powder markets and prices are very firm.
Cheese production remains active, although seasonally low, but is generating
heavier volumes of whey than is usual for this time of the season. European
animal feed buyers continue to dominate the market, absorbing increasing
volumes of animal feed and edible volumes.
NONHYGROSCOPIC: 1,200 - 1,400 |
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