MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  July 23, 2015 (REPORT 29)                          

WESTERN EUROPE                                                   
INFORMATION GATHERED  07/13/2015 - 07/24/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):                                          

Market activity for SMP is quiet. Numerous traders are on summer 
holiday and most of the demand for Q3 has been covered, resulting in 
weak interest in SMP for short term delivery. Negotiations are 
ongoing for Q4 with few finalized agreements. Export interest is 
light in the Middle East due to Ramadan, which ends soon. PSA skim 
milk powder stock levels on July 12 amounted to 23,413 MT. 
Manufacturers in Latvia moved significant volumes into PSA over the 
past couple of weeks and have the third largest volumes behind 
Germany and Spain. January-May 2015 SMP for the EU-28, as reported by 
GTIS, increased 11.9% compared to the same period last year. May exports 
declined from April, to 55,900MT. The top three destinations were 
Algeria, China and Egypt.   
                                                                 
1.25% BUTTERFAT:                         1,825 - 1,925           


0930c eric.graf@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-home