MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  December 10, 2015 (REPORT 49)                      

WESTERN EUROPE                                                   
INFORMATION GATHERED  11/30/2015 - 12/11/2015                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  Skim milk powder prices weakened in Europe. 
Prices are near the intervention level and heavy European milk supplies 
are moving into SMP now and are expected to continue to do so after 
Christmas. Some manufacturers are not rushing to sell inventories at 
current prices, holding back and hoping for price increases in future 
months, comforted by knowing that intervention will serve as a floor 
under much further5 price weakening. January-September 2015 skim milk 
powder exports for the EU-28, as reported by GTIS, decreased 10.2% 
compared to the same period last year. Imports year to date are down 
from some customers such as Algeria and China. According to Eurostat, 
EU SMP production from reporting countries for January-September is 6.6% 
above year ago levels. Selected member states showed the following 
January-September percentage changes compared to the same period last 
year: Germany, +8.6%; France, -1.4%; Belgium, +6.7%; Poland, -4.0%; and 
Ireland, +80.4%. 

1.25% BUTTERFAT:                         1,725 - 1,900           


0930c Eric.Graf@ams.usda.gov 608.557.7005
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