MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  May 28, 2015 (REPORT 21)                           

WESTERN EUROPE                                                   
INFORMATION GATHERED  05/18/2015 - 05/29/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Prices moved lower on the SMP market this 
reporting period.  Demand has improved as some buyers perceive the market 
as near its low point.  Most buyers have their near term needs covered.  
Negotiations for Q3 and, in some cases, Q4 are ongoing.  Agreements are 
slow to be finalized, as buyers and sellers have differing price 
expectations.  PSA stock levels on May 17 amounted to 17,509 MT.  Germany 
has the highest volumes in storage for any Western European country.  
January-March 2015 skim milk powder exports for the EU-28, as reported by 
GTIS, increased 24.0% compared to the same period last year.  March 
exports exceeded the previous month's volumes as the top 5 destinations; 
Algeria, Egypt, Indonesia, Philippines and China increased imported 
volumes.  
 
1.25% BUTTERFAT:                         1,875 - 2,100           

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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