MD_DA106 Skim Milk Powder - Europe Report 5 - Released on February 02, 2023 European skim milk powder (SMP) prices have continued to fall. And largely, buyers are not too eager to catch a falling knife. Industry sources suggest that end users are making regular contractual pick ups and a few spot buys, but those are limited to covering near term needs. Demand is quiet. Manufacturers keep hoping orders will pick up from Asian countries following the Lunar New Year holiday. Inventories are growing in the absence of strong demand. In addition, plentiful farm milk is clearing into the dryers and growing SMP supplies. Prices for: Europe, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 2,600 - 3,000 Information for the period January 23 - February 3, 2023, issued biweekly Published by: Dairy Market News - Madison, WI MIKE BANDLI, (608)422-8592 Email: mike.bandli@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