MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  April 16, 2015 (REPORT 15)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  04/06/2015 - 04/17/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Prices for SMP moved lower on both ends of the 
range in light trading.  Export buyers continue to consider purchases for 
Q3 from Europe, but are reticent to finalize transactions, due to 
uncertainties connected with the end of the quota scheme and possible 
expansion of milk production that may lead to increased supplies of SMP 
in the near term.  The fairly good export interest could evaporate 
quickly if U.S. manufacturers, with increasing supplies, decide to offer 
SMP or nonfat dry milk at prices below European levels.  Offers of 
uncommitted Q2 supplies are being made by some manufacturers in order to 
keep supplies current.  Production of SMP has not expanded significantly 
as some manufacturers took extended holiday breaks and limited production 
schedules.  PSA stock levels through April 5 amounted to 16,725 MT.  
Additions to SMP PSA stocks were very limited during the first week of 
the non-quota year.  The market has a weak undertone.  
   
1.25% BUTTERFAT:                         1,950 - 2,350           

0930c rick.whipp@ams.usda.gov 608.557.7004
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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