MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  February 16, 2017 (REPORT 7)                       

WESTERN EUROPE                                                   
INFORMATION GATHERED  02/06/2017 - 02/17/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP): 

Skim milk powder prices in Western Europe slightly declined on a 
dollar basis even as on a Euro basis there were declines in some 
countries and more stability in others. Euro denominated prices 
in France and Netherlands weakened, with pricing in France 
tending to the higher range in Western Europe while Dutch 
pricing trends toward the low end. Pricing in Germany was 
generally stable on a Euro basis. SMP markets are quiet overall. 
Current manufactured supplies are sufficient, with lingering 
awareness of overhanging intervention stocks. Contracting for 
the next two quarters has increasingly been completed on the 
internal European market for those seeking contracts. SMP 
exporters feel they have a good price advantage over Oceania 
exporters, but are more sensitive about U.S. export pricing. The 
latest tender of SMP from intervention stocks on February 9 
resulted in only 1,800 MT of bids. The Dairy Market News 
International Monthly Summary and Averages for Western European 
SMP in January, 2017, was $2,236, up from $1,761 one year 
earlier.                                          
                                                                 
1.25% BUTTERFAT:                         2,050 - 2,165           


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