MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  September 14, 2017 (REPORT 37)                     

WESTERN EUROPE                                                   
INFORMATION GATHERED  09/04/2017 - 09/15/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):                                          

       Western European skim milk powder prices are steady to lower. Although 
manufacturers are willing to make sales, buyers are often taking a wait and see 
approach. Some industry participants anticipate further weakness in the SMP 
market in the near term. The market tone is quiet and demand is light. 
       Weaker prices have triggered additional quantities to be offered into 
intervention. Last week, Eucolait reported 1,117 MT of SMP was offered into 
intervention. SMP may be sold into intervention through September under the 
existing regulations. The next tender is scheduled for September 19.
       According to Eucolait, January-June skim milk powder production is 10.4 
percent below 2016 SMP production for the same time frame. June 2017 SMP 
production was 1.2 percent below 2016 June production. The two largest SMP 
production countries, Germany and France, both realized double-digit reductions 
in 2017 January-June SMP production compared to 2016 January-June production, 
12.5 percent and 12.0 percent respectively.
       
 
Data from Eucolait. Chart by USDA Dairy Market News


1.25% BUTTERFAT:                         1,950 - 2,150 


0930c mike.bandli@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