MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  September 03, 2015 (REPORT 35)                     

WESTERN EUROPE                                                   
INFORMATION GATHERED  08/24/2015 - 09/04/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

Skim milk powder prices are steady in a weak market. Export demand is 
low. Production is increasing as manufactures are choosing to make butter 
and SMP or cheese for better returns. Stocks are increasing. Some 
manufacturers are reluctant to put stocks into intervention. As of August 
23, there are 8,859 MT of SMP offered into public intervention. Belgium 
has the highest amount of stocks in intervention with 3,861 MT. Private 
Storage Arrangements (PSA) skim milk powder stock levels on August 23 
amounted to 28,124 MT. Manufacturers in Germany have the largest volumes 
with 7,693 MT in holding. According to GTIS, EU SMP exports were down 
slightly in June. China imports have increased monthly since January, but 
are still lower than year ago levels. Egypt imports are up 66% year to 
date. According to Eurostat, EU June SMP production was up 2.2% and YTD 
3% up from January through June 2014.  
                             
                                                                 
                                                                 
1.25% BUTTERFAT:                         1,600 - 1,900           


0930c Tara.Herbst@ams.usda.gov 608.557.7007
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: 
http://www.marketnews.usda.gov/mnp/da-home