MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  July 09, 2015 (REPORT 27)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  06/29/2015 - 07/10/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Prices have declined and are near the 
intervention price. Production remains active with some increases in 
volumes going into the private storage program. Market activity has 
slowed as most buyers have concluded their Q3 negotiations and agreements 
have been finalized. The start of Ramadan has also been a factor in 
reduced trade activity. Some manufacturers have made price concessions on 
the spot market in order to facilitate sales and to better manage their 
inventory levels. Negotiations for Q4 are slow to develop as buyers and 
sellers have differing price expectations.  

PSA skim milk powder stock levels on June 28 amounted to 20,520 MT. 
Germany, Spain and The Netherlands are the top three countries with the 
largest volumes in storage. 

According to Eurostat, EU skim milk powder production for April 2015 
showed the following percentage  changes for selected countries compared 
to April last year: France, -3.2%; Germany, -2.6%; Belgium, +9.2%; 
Denmark, +45.6% and the Netherlands, +3.5%.  
 
1.25% BUTTERFAT:                         1,875 - 2,000           

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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