MD_DA107                                                         
DA                                                               
MD DA107 Whole Milk Powder - Europe                              

MADISON, WI.  March 16, 2017 (REPORT 11)                         

WESTERN EUROPE                                                   
INFORMATION GATHERED  03/06/2017 - 03/17/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

WHOLE MILK POWDER (WMP):   

Whole milk powder prices in Europe weakened at each end of the price 
range. Pricing remains slightly above Oceania pricing, which also 
weakened. European low end range prices have not been this low since 
early November 2016 and top range prices have not been this low since 
last October. The lower prices have attracted some renewed buyer 
interest, but a number of manufacturers are balking at finalizing 
sales at current lower price levels. The magnitude of the price 
downturn seems a bit abrupt to some wishful sellers. Hopes for 
stronger pricing linger. More sales transactions within Europe have 
been finalized than export sales. The Dairy Market News February 
2017 Western Europe WMP monthly average price per metric ton was 
$3,199, compared with $2,169 one year earlier.
                                                                                                
26% BUTTERFAT:                           2,925 - 3,175           

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