MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  October 15, 2015 (REPORT 41)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  10/05/2015 - 10/16/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):                                          

There are slight upticks in pricing for SMP. Demand is increasing. Some 
buyers want to secure supplies. Others are taking a wait-and-see approach 
and are only buying for current needs. There are also some end users that 
would like to start securing prices for the Q1 and beyond. Some 
manufacturers are making SMP and butter with available milk supplies. 
With the firming prices, SMP now going into intervention is showing signs 
of slowing. Buying interest is steady. Manufacturers believe that stock 
levels are in check with the season. As of October 4, there are 22,003 MT 
of SMP offered into public intervention. Belgium has the highest amount 
of stocks in intervention with 7,889 MT. Private Storage Arrangements 
(PSA) skim milk powder stock levels on October 4 amounted to 31,041 MT. 
Manufacturers in Germany have the largest volumes with 8,678 MT in 
holding. 
                                

                                                                 
1.25% BUTTERFAT:                         1,800 - 2,100           

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