MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  March 31, 2016 (REPORT 13)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  03/21/2016 - 04/01/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):                                          
                                                                 

Skim milk powder prices are unchanged. A number of SMP manufacturers 
were closed some days surrounding Good Friday-Easter Sunday. In that 
sales are being made into intervention anyway, the temporary 
reduction in production was a nullity in terms of larger supply 
factors. The current pricing range is $375-$600 MT below the price 
range one year ago, $2,025-$2,400 MT. Even only considering 2016, the 
current SMP price range is $75-$50 MT lower than the first week of 
January. According to CLAL, the volume of the top SMP importer during 
January 2016, China, was 33,486 MT, up 43% from January 2015. The 
percentage of that SMP which originated in the EU was 11% in January 
2015, and 15% in January 2016. EU SMP production in January 2016 
compared with January 2015 was +12.7%. Among top EU SMP producing 
nations, the January 2016 share of total EU SMP production compared 
with the share in January 2015 was: France -3.7%; Germany +22.8%; and 
Netherlands +9.4%. The EU led all countries in global SMP exports 
during January 2016, exporting 62,736 MT, up 1% from January 2015. 
                                                                 
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