MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  June 11, 2015 (REPORT 23)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  06/01/2015 - 06/12/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Prices for skim milk powder are unchanged this 
reporting period.  Export demand has improved as buyers are looking to 
cover their remaining Q3 needs.  The continuing favorable currency 
exchange rate has also contributed to the increase in export buying 
interest.  Negotiations for Q4 are slow to develop as most buyers are 
hesitant to make commitments in a weak market.  

PSA stock levels on May 24 amounted to 17,641 MT.  Spain and Germany have 
the largest holdings and a majority of the volumes in storage. 

According to Eurostat, EU skim milk powder production for March 2015 
showed the following percentage  changes for selected countries compared 
to March last year: France, -5.9%; Germany, -4.4%; Belgium, +5.2%; 
Denmark, +6.7% and the Netherlands, -9.4%.  
 
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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