MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  September 17, 2015 (REPORT 37)                     

WESTERN EUROPE                                                   
INFORMATION GATHERED  09/07/2015 - 09/18/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):                                          

Skim milk powder prices are higher. Demand is steady to lower as some 
manufacturers report that most end users are committed through the end of 
2015, but want to start buying for Q1 2016. Volumes going into 
intervention are increasing. Some sources indicate that there is aged 
product available at a discounted rate. As of September 6, there are 
14,605 MT of SMP offered into public intervention. Belgium has the 
highest amount of stocks in intervention with 6,347 MT. Private Storage 
Arrangements (PSA) skim milk powder stock levels on September 6 amounted 
to 29,492 MT. Manufacturers in Germany have the largest volumes with 
8,231 MT in holding. According to GTIS, EU SMP exports were up slightly 
in July from the previous month. EU imports to China have decreased for 
the first time since January.  

                                                      
                                                               
1.25% BUTTERFAT:                         1,700 - 2,000           


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