MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  April 02, 2015 (REPORT 13)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  03/23/2015 - 04/03/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Skim milk powder prices moved lower on both ends 
of the range this period.  A majority of manufacturers' supplies for Q2 
are committed.  Production is expected to increase in the coming weeks as 
milk production builds to its seasonal peak.  A majority of buyers have 
their near term needs covered and are taking a wait and see attitude.  
Recent price declines and anticipated global supply increases contribute 
to the market's weak undertone.  PSA stock levels through March 22 
amounted to 16,918 MT.  Denmark has contributed nearly half of the stocks 
held in PSA.  January 2015 skim milk powder exports for the EU-28, as 
reported by GTIS, increased 24% compared to January last year.  A 
majority of the SMP exports went to Algeria with smaller quantities going 
to Egypt, Yemen, Bangladesh and Indonesia.  According to Eurostat, EU 
skim milk powder production for January 2015 showed the following 
percentage changes for selected countries compared to January last year: 
France, +6.5%; Germany, -6.0%; Belgium, +17.0%; Denmark, -5.7% and the 
Netherlands, +14.3%.  
   
1.25% BUTTERFAT:                         2,025 - 2,400           

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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