MD_DA106

     Skim Milk Powder - Europe

     Report 31 - Released on August 01, 2019

     Skim milk powder prices in Western Europe are steady. Prices are highest for German SMP,
     followed by SMP from Netherlands and France.

     SMP is a quiet market now. Partly this is vacation related. Regular buyers arranged for
     their needs before leaving for vacations. There is very little current interest in spot
     transactions. Not much contracting is being concluded in late July either. Activity will
     pick up in coming weeks. SMP manufacturers are comfortably booked for current production.
     Contracts are being filled on schedule.

     Export commitments are quite good. Orders to countries outside the EU are shipping on
     schedule.
     Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,225 - 2,425


     Information for the period July 22 -  August 2, 2019, issued biweekly

     Secondary Sourced Information:

     EU SMP exports January - May 2019, 434,551 MT, increased 32 percent over January - May
     2018, according to Eurostat.
     Published by:
     Dairy Market News - Madison, WI
     Eric Graf, 608.422.8590
     Email: Eric.Graf@usda.gov

     Additional Dairy Market News Information:
     Dairy Market News (DMN) by Phone: (608)422-8602
     DMN Website: https://www.ams.usda.gov/market-news/dairy
     DMN MARS (My Market News): https://mymarketnews.ams.usda.gov