MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  February 18, 2016 (REPORT 7)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  02/08/2016 - 02/18/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  

Skim milk powder prices are steady to slightly higher at the upper 
end of the price range for higher quality SMP demand. Demand for 
specific product from certain manufacturers supports slightly 
elevated top of range prices. Overall buying interest is slow. Buyers 
expect intervention to keep prices stable and supplies are more than 
ample, leading to downstream users having less interest in 
maintaining their own inventories. Buying is restrained on internal 
EU markets as well as world markets. The current Western Europe price 
range is below the range one year ago, which was 2,325 - 2,675. Total 
intervention purchases February 1-7, 2016 were the highest level of 
any week of 2016 so far: 7,296 MT. That brought 2016 intervention 
purchases for the first 5 weeks of the year to 29,812 MT compared to 
40,281 MT for all of 2015. January-November 2015 SMP production in 
the EU-28 is 8.6% greater than the same period of 2014.

                                                                                                       
1.25% BUTTERFAT:                         1,700 - 1,825    

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