MD_DA106

     Skim Milk Powder - Europe

     Report 29 - Released on July 18, 2019

     European skim milk powder prices are lower. Prices are uneven within various countries. The
     highest prices are in Germany, followed by France and Netherlands.

     The summer holiday season usually leads to less SMP sales activity. An additional factor
     this year is that manufacturers have deemphasized sales efforts to focus on settling
     existing contracts. With intervention SMP stocks sold and global demand increasing, SMP
     manufacturers plan to increase production through the rest of the year.

     Most regular buyers are already covered so there is little angst on the buying side. Most
     current sales inquiries come from export markets.
     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 8 - 19, 2019, issued biweekly

     Secondary Sourced Information:

     January-May this year EU SMP production, 625,000 MT, fell 2.8 percent from the same period
     of 2018, according to CLAL data provided to USDA. Many manufacturers would like to be able
     to end 2019 with higher production than last year.

     EU SMP PRODUCTION CHANGE

                     Jan.- May  Jan.- May
                     2019/18    2019

     COUNTRY         Percent    2019 MT
     Germany         -11.0      172,000
     France           +1.2      190,000
     Poland           +8.0       78,000
     Belgium          -1.4       76,000
     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