MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  October 1, 2015 (REPORT 39)                     

WESTERN EUROPE                                                   
INFORMATION GATHERED  09/21/2015 - 10/02/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):

Prices for skim milk powder are steady. Production is steady to 
increasing as demand is stronger. Buying interest has strengthened as 
some end users still need product for Q4. With prices recently trending 
higher, buyers want to secure the lowest price possible. Contract 
negotiations have begun for Q1 and Q2 2016. As of September 20, there are 
19,735 MT of SMP offered into public intervention. Belgium has the 
highest amount of stocks in intervention with 7,625 MT. Private Storage 
Arrangements (PSA) skim milk powder stock levels on September 20 amounted 
to 31,251 MT. Manufacturers in Germany have the largest volumes with 
8,621 MT in holding. According to Eurostat, July EU SMP production is 
3.1% above July 2014 levels and YTD 3.7% above January - July 2014 
levels.


                                 
                                                                 
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