MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  October 27, 2016 (REPORT 43)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  10/17/2016 - 10/28/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):  

In Europe skim milk powder prices weakened at each end of the price 
range, retreating slightly from 2016 highs. Demand is quiet, 
reflecting the substantial intervention stocks being held. SMP 
production in Europe during August this year is 1.4% below August 
last year according to Eucolait. Production January-August this year 
is 9.9% greater than production for the same period last year. During 
the first eight months of this year, the top SMP producing nations 
were: Germany, France, Belgium, Poland and Ireland. European export 
volume of SMP January-August 2016 was 18.3% below the same period 
last year. The three main destinations of exports and percentage of 
the total were: Algeria, 14.5%; China, 8.2%; and Indonesia, 7.8%. The 
volume exported to Algeria decreased more than 30% from the volume 
January-August last year.
                                       
                                                                 
1.25% BUTTERFAT:                         2,175 - 2,375     


0930c Eric.Graf@ams.usda.gov 
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