MD_DA106 Skim Milk Powder - Europe Report 15 - Released on April 11, 2019 Western European skim milk powder prices are steady to slightly lower. The market tone is essentially stable. Current pricing is higher than one year ago in Western Europe, but lower than current pricing in Oceania. Internal European demand is orderly and able to be accommodated. There is some variation between manufacturers as to the timing of SMP availability. Overall, there are ample stocks for current demand. Export interest has increased, especially from Asia. Some buyers note that the euro conversion factor with some Asian currencies is considered to add to the bargain in pricing. Contracting for the current quarter is continuing. Some buyers are also working on contracts for Q3 and Q4. Pricing in Q3 and Q4 indicates some firming. Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 2,075 - 2,250 Information for the period April 1 - 12, 2019, issued biweekly 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 (MyMarketNews): https://mymarketnews.ams.usda.gov/