MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  March 17, 2016 (REPORT 11)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  03/07/2016 - 03/18/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):    

SMP markets are quiet and prices, already sustained by intervention, 
are unchanged. Production not destined to fill contracts is 
increasingly produced to specifications qualifying for sales into 
intervention. Existing dynamics are not expected to change in the 
near term. Eurostat reports that 2015 SMP production in the EU-28 was 
8.1% higher than during 2014. Exports were 6.0% higher. The top two 
destinations for EU manufactured SMP during 2015, and the percentage 
change in volumes exported, were: Algeria, -26%; Egypt, 
+22%; and China, -15%. 
                                      
                                                                 
1.25% BUTTERFAT:                         1,650 - 1,800           



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