MD_DA106

     Skim Milk Powder - Europe

     Report 49 - Released on December 05, 2019

     Skim milk powder prices in Western Europe are slightly higher. SMP supplies are tight,
     continuing recent trends. With milk production near the seasonal low, it is more challenging
     for SMP manufacturers to source milk away from some other dairy products. Most current SMP
     production has already been contracted. This results in buyers with immediate SMP needs, who
     can find available supplies, paying surcharges. Negotiations continue for February. A number
     of global buyers continue to prefer Western European SMP sourcing, even if pricing may not
     be the lowest available globally. Export inquiries and interest continue to be active.
     Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Skim
     Milk Powder
     Price Range - 1.25% Butterfat; $/MT:                   2,750 - 2,875


     Information for the period November 25 -  December 6, 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 (My Market News): https://mymarketnews.ams.usda.gov