MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  December 08, 2016 (REPORT 49)                      

WESTERN EUROPE                                                   
INFORMATION GATHERED  11/28/2016 - 12/09/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

Skim milk powder prices in Western Europe slightly firmed at the 
bottom of the price range but are unchanged at the top. The opening 
of SMP sales from intervention stocks has generated some market 
uncertainty. However, some manufacturers, notable in Germany, report 
good demand for fresh production of food quality SMP from regular 
customers. Reasoning the Commission has given for selling 
intervention stocks cites the price recovery of SMP. Also mentioned 
is timing, that it is now the lowest level of production of milk and 
powder. A number of dairy processors in the EU are wary of the 
decision. The November 2016 Dairy Market News monthly average for 
Western Europe SMP, $2,217, is up from $1,884 in November last year. 
                                                                 
1.25% BUTTERFAT:                         2,125 - 2,300       

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