MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  April 28, 2016 (REPORT 17)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  04/18/2016 - 04/29/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  

Skim milk powder prices in the EU are slightly higher, but 
fundamentally related to intervention pricing. Pricing is expected to 
narrowly move up or down, close to intervention pricing, at least 
through the first half of the year. Intervention stocks are expected 
to delay any significant price recovery in the near term. Ecolait 
reports that for February 2016 compared with February 2015, EU SMP 
production increased 22.8%. EU 2016 SMP exports through February 
compared with January-February 2015 increased 4.3%. During the first 
two months of 2016, the main destinations for EU butter exports and 
percentage of total butter exports for the period were: Algeria 
11.6%; Indonesia 9.8%; and China 8.4%. 
                                        
                                                                 
1.25% BUTTERFAT:                         1,675 - 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