MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  October 29, 2015 (REPORT 43)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  10/19/2015 - 10/30/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):      
                                    
Prices for SMP are higher on an uneven market. Demand is described as 
quiet with some larger orders reported. Sellers report many inquiries 
for SMP with few sales. Sources indicate end users are looking for 
the lowest price. Sources suggest an increase in exports of SMP YTD. 
Stock levels are high, but manufactures are not concerned. The amount 
of SMP going into intervention has slowed. As of October 18, there 
are 23,371 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 
18 amounted to 31,990 MT. Manufacturers in Germany have the largest 
volumes with 8,304 MT in holding. According to Eurostat, EU August 
SMP production is down 0.2% over August 2014 and January through 
August production is up 3.1% from 2014. GTIS notes a slight decrease 
in exports of SMP in August, but are still 9.8% above year ago 
levels. 

                                                                 
1.25% BUTTERFAT:                         1,925 - 2,175                                                            

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