MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  June 25, 2015 (REPORT 25)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  06/15/2015 - 06/26/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):   

Prices for skim milk powder are up slightly at the bottom of the range 
and unchanged at the top.  Market prices are slightly above intervention 
level which creates expectations that there is less downside risk in the 
current market.  Trading activity for SMP is holding steady with most of 
the transactions moving through existing contracts.  A majority of the 
contracts for Q3 have been completed.  Negotiations for Q4 are slow to 
develop as buyers and sellers have differing expectations regarding 
prices.  January-April 2015 skim milk powder exports for the EU-28, as 
reported by GTIS, increased 17.0% compared to the same period last year.  
April exports expanded to a monthly record of 67,325 MT.  The top 5 
destinations were Algeria, Egypt, Indonesia, China and Pakistan.  PSA 
stock levels on June 7 amounted to 19,341 MT.  Spain, Germany, and Latvia 
are the top three countries with the largest volumes in storage. 
                                                                                                       
1.25% BUTTERFAT:                         1,900 - 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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