MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  January 08, 2015 (REPORT 1)                        

WESTERN EUROPE                                                   
INFORMATION GATHERED  12/22/2014 - 01/09/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Prices for SMP moved lower following the yearend 
holidays.  Drying schedules for skim milk powder have expanded following 
the seasonal increase in milk production.  The weaker Euro, compared to 
the U.S. dollar, has sparked increased buyer interest.  Trading activity 
in the first full week of the New Year has been light, but is expected to 
increase in the near future.  Supplies have been increasing, but are not 
seen as burdensome.  PSA stock levels through the third week of December 
amounted to 16.4 MT.  Exports of SMP for January to October 2014, as 
reported by GTIS, showed an increase of 56%, compared to the same period 
last year.  October exports increased 7% over the previous month.  China 
was the top destination with Japan and the United Arab Emirates doubling 
their imports compared to September. 

1.25% BUTTERFAT:                         2,000 - 2,275           

0930c rick.whipp@ams.usda.gov 608.278.4151
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-
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