Skim Milk Powder - Europe
USDA - Thu Nov 09, 9:19AM CST
MD_DA106                                                         
DA                                                               
MD DA106 Skim Milk Powder - Europe                               

MADISON, WI.  November 09, 2017 (REPORT 45)                      

WESTERN EUROPE                                                   
INFORMATION GATHERED  10/30/2017 - 11/10/2017                    
U.S. DOLLARS PER METRIC TON, FOB PORT                            

SKIM MILK POWDER (SMP):   

	Skim milk powder prices in Western Europe are lower. Prices vary among 
countries. Recent prices in Germany have stabilized, while some other countries 
such as France and Poland report weaker prices. Internal EU markets are generally 
quiet. Export interest is stronger. However, buyers know they have the upper hand 
in price negotiations. Little is expected to change in the immediate future. The 
next SMP tender from intervention stocks will occur on November 21. 
       January-September EU SMP exports, 560,077 MT, increased 43.3 percent from 
the same period one year earlier, according to Eucolait. The range of monthly 
percentage changes in cumulative export volumes varies from -5.5 percent in 
January, to +43.3 percent in August. Export volumes and primary destinations are 
shown in the following table:

                                                                                 EU SMP Exports
                           Main Three Destinations 
                           January-September 2017 
 
Destination                Quantity(MT)   Percent of Total  
Algeria                    87,880                15.7
China                      56,294                10.0        
Indonesia                  47,474                 8.5

                                                                 
1.25% BUTTERFAT:                         1,700 - 1,825           

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