MD_DA107                                                         
DA                                                               
MD DA107 Whole Milk Powder - Europe                              

MADISON, WI.  December 22, 2016 (REPORT 51)                      

WESTERN EUROPE                                                   
INFORMATION GATHERED  12/12/2016 - 12/23/2016                    
U.S. DOLLARS PER METRIC TON, FOB PORT   

WHOLE MILK POWDER (WMP):  

Whole milk powder prices in Western Europe slightly increased at each 
end of the price range, reaching the highest level of 2016. Production 
is believed to have slightly declined in recent weeks. A number of 
manufacturers find less profit in WMP than butter and cheese. Tighter 
milk supplies have, thus, tended to move toward the higher profit 
items at the expense of WMP. Demand in Europe has been steady. 
However, there has been very recent buying interest from countries in 
Africa and the Middle East, which have historically sourced from New 
Zealand. The reasons for this recent shift have been some slowing of 
export volumes from New Zealand. WMP exports from the EU during 
October are 13.6% below the level during October last year according 
to Eucolait. Exports January-October this year are 3% below the same 
period last year according to Eurostat.

26% BUTTERFAT:                           3,200 - 3,375           
	
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