MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  March 05, 2015 (REPORT 9)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  02/23/2015 - 03/06/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Prices for SMP moved lower on both ends of the 
range.  Export market activity has slowed.  Most buyers have covered 
their near term needs and are anticipating increased availability going 
into the new season, beginning in April.  Current SMP production is below 
expectations as the rate of seasonal milk production increases have 
slowed.  According to Eurostat, European SMP production increased 23.6% 
in 2014.  Selected countries showing SMP production increases were: 
France, +24.3%; Germany, +13.0%; Belgium, +25.7% and Ireland, +51.8%.   
PSA stock levels through February 22 amounted to 12,596 MY, reflecting a 
substantial decline from the February 8 cumulative total of 20,531 MT.  
Exports of SMP for January to December 2014, as reported by GTIS, showed 
an increase of 58%, compared to 2013.  Total EU SMP exports for 2014 were 
657,000 MT and set a new historic high.  December exports increased 
compared to the previous month.  Algeria received over 25% of Europe's 
December exports.  China's purchases were slightly higher compared to the 
previous month.  

1.25% BUTTERFAT:                         2,250 - 2,600           

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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