Skim Milk Powder - Europe
USDA - Thu Dec 07, 9:34AM CST
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  December 07, 2017 (REPORT 49)                      

WESTERN EUROPE                                                   
INFORMATION GATHERED  11/27/2017 - 12/08/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            


	Skim milk powder prices in Western Europe narrowed the price range, 
slightly up at the bottom and slightly down at the top. French prices are a bit 
stronger than most pricing. German pricing, while even with some lower pricing 
elsewhere, also recorded some higher pricing. 
	That said, activity in the EU internal market is very slow and volumes are 
light. Export demand holds more promise. A continuing narrative is the 
uncertainty as to what will be done with intervention stocks held in Europe. 
Recent sales of tendered stocks have amounted to very slight volumes. All in all, 
a very calm market. 
       EU SMP production this year, January-September, was 1.3 percent lower than 
the same period last year according to CLAL. Among primary producing countries, 
SMP production for this year compared to last year was: Germany, -6.14 percent; 
France, -11.55 percent; and Belgium, -11.31 percent.
1.25% BUTTERFAT:                         1,725 - 1,800           

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